- For Sale $900,000
- Property Type Multi-Family
- Property Size 11,407 SF
- Units 10
- Additional Rent Contact for pricing
- Parking Spaces Avail. 24
- Property Tenancy Multi-Tenant
- Year Built 1987
- Year Renovated 2023
- Date Updated Dec 11, 2024
Reach out to the broker for more info on lease terms and amenities
Highlights
- 10-UNIT PORTFOLIO OF APARTMENTS IN THE FAMOUS CLARK-FULTON NEIGHBORHOOD OF CLEVELAND, OH.
- 100% OCCUPIED!
- LONG-TERM TENANTS ON SHORT-TERM LEASES WITH SIGNIFICANTLY BELOW-MARKET-AVERAGE RENTAL RATES!
- MASSIVE UPSIDE FOR A BUYER TO INSTANTLY RAISE RENTS AND OBTIAN A 10.2%+ CAP RATE!
- 8.5% CAP RATE IN 2024 (IN-PLACE)!
- 10.2% CAP RATE IN 2025!
- 12.1% CAP RATE IN 2026!
- 13.6% CAP RATE BY 2027!
- SELLER FINANCING AVAILABLE!
- UNITS HAVE BEEN SIGNIFICANTLY UPGRADED IN THE PAST 4 YEARS!
- RECENT IMPROVEMENTS INCLUDE UPDATED ROOFING, ELECTRICAL UPGRADES, NEW BATHROOMS, NEW HVAC UNITS, AND MUCH MORE!
- RARE OPPORTUNITY TO OWN AN AMAZING VALUE-ADD PROPERTY IN THE FAMOUS CLARKFULTON NEIGHBOORHOOD OF CLEVELAND OHIO!
False
Contacts
Location
Getting Around
-
Walk Score ®
67/100 Somewhat Walkable -
Transit Score ®
38/100 Some Transit -
Bike Score ®
63/100 Bikeable
- City Cleveland, OH
- Neighborhood Clark-Fulton
- Zip Code 44109
- Market Cleveland Akron
Points of Interest
-
West Boulevard–Cudell
2.30 miles
-
Settlers Landing
2.46 miles
-
Big Creek & Memphis Railway
2.66 miles
-
Cleveland Amtrak
3.14 miles
-
East 9th–North Coast
3.23 miles
-
East 55th
3.49 miles
-
South Harbor
3.51 miles
-
West Park
4.05 miles
-
East 79th
4.41 miles
-
Buckeye–Woodhill
5.19 miles
-
BP
0.66 miles
-
Sunoco
0.72 miles
-
Pearl Denison Shell
1.08 miles
-
Hanini Petroleum
1.28 miles
-
Ohio City Gas
1.30 miles
-
Valero
1.61 miles
-
Express Gas
1.80 miles
-
Speedway
1.84 miles
-
Tesla Supercharger
4.73 miles
-
View Garage
0.97 miles
-
Toomey
1.01 miles
-
St. Ignatius Parking
1.47 miles
-
West Side Market Parking
1.71 miles
-
Merwin's Wharf Parking Lot
2.00 miles
-
Cudell Station Parking
2.36 miles
-
Collection Auto Group Centre
2.72 miles
-
Ontario Street Parking Garage
2.75 miles
-
Gateway East
2.81 miles
-
515 Garage
2.92 miles
-
J. Palen House
1.63 miles
-
Stone Gables Inn
1.64 miles
-
The Ritz-Carlton
2.62 miles
-
Renaissance Cleveland Hotel
2.70 miles
-
Aloft Cleveland Downtown
2.71 miles
-
Residence Inn Cleveland Downtown
2.84 miles
-
Hotel Indigo Cleveland Downtown
2.84 miles
-
Cleveland Marriott Downtown at Key Tower
2.89 miles
-
Hilton Garden Inn
2.90 miles
-
Hyatt Regency Cleveland at The Arcade
2.92 miles
-
Diana Baker's Diner
0.18 miles
-
Las Dos Fronteras
0.32 miles
-
Fabio's Pizza
0.48 miles
-
Johnny's
0.53 miles
-
Bruno's
0.61 miles
-
Rally's
0.64 miles
-
The Captain's Grill
0.67 miles
-
Burger King
0.68 miles
-
McDonald's
0.71 miles
-
Subway
0.73 miles
-
Lincoln Prepatary
0.16 miles
-
Natividad Pagan International Newcomers Academy
0.39 miles
-
Saint Rocco School
0.51 miles
-
Metro Catholic School Boniface Building
0.62 miles
-
Gilbert School
0.64 miles
-
Clark Elementary School
0.71 miles
-
Lincoln-West High School
0.72 miles
-
Walton
0.74 miles
-
Menlo Park Academy
0.82 miles
-
Max Hayes High School
0.88 miles
-
A Step Above
0.92 miles
-
Heart to Heart Enrichment Center
0.95 miles
-
Little Footsteps
1.11 miles
-
Leah's Creative Learning Center
1.76 miles
-
Like Home Child Care Center
1.86 miles
-
Almira Early Learning Center
1.88 miles
-
Tiny Heroes Childcare
1.91 miles
-
Horizon Education Childcare Center
1.94 miles
-
Apple of My Eye Child Care Center
1.95 miles
-
Scribes & Scribblers Child Development Center Inc
7.78 miles
Frequently Asked Questions
The space currently listed for sale at SELLER FINANCING AVAILABLE! (9.4% CAP RATE) THE FULTON APARTMENTS FOR SALE! (10-UNITS) asks for $900,000.
SELLER FINANCING AVAILABLE! (9.4% CAP RATE) THE FULTON APARTMENTS FOR SALE! (10-UNITS) totals 11,407 square feet.
SELLER FINANCING AVAILABLE! (9.4% CAP RATE) THE FULTON APARTMENTS FOR SALE! (10-UNITS) was built in 1987.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
Grimaldi Commercial Realty Corp.