- 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 Sep 4, 2024
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Attachments
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
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West Boulevard–Cudell
2.30 miles
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Settlers Landing
2.46 miles
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Big Creek & Memphis Railway
2.66 miles
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Cleveland Amtrak
3.14 miles
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East 9th–North Coast
3.23 miles
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East 55th
3.49 miles
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South Harbor
3.51 miles
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West Park
4.05 miles
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East 79th
4.41 miles
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Buckeye–Woodhill
5.19 miles
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BP
0.66 miles
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Sunoco
0.72 miles
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Pearl Denison Shell
1.08 miles
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Hanini Petroleum
1.28 miles
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Ohio City Gas
1.30 miles
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Valero
1.61 miles
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Express Gas
1.80 miles
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Speedway
1.84 miles
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Tesla Supercharger
4.73 miles
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View Garage
0.97 miles
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Toomey
1.01 miles
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St. Ignatius Parking
1.47 miles
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West Side Market Parking
1.71 miles
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Merwin's Wharf Parking Lot
2.00 miles
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Cudell Station Parking
2.36 miles
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Collection Auto Group Centre
2.72 miles
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Ontario Street Parking Garage
2.75 miles
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Gateway East
2.81 miles
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515 Garage
2.92 miles
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J. Palen House
1.63 miles
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Stone Gables Inn
1.64 miles
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The Ritz-Carlton
2.62 miles
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Renaissance Cleveland Hotel
2.70 miles
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Aloft Cleveland Downtown
2.71 miles
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Residence Inn Cleveland Downtown
2.84 miles
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Hotel Indigo Cleveland Downtown
2.84 miles
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Cleveland Marriott Downtown at Key Tower
2.89 miles
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Hilton Garden Inn
2.90 miles
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Hyatt Regency Cleveland at The Arcade
2.92 miles
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Diana Baker's Diner
0.18 miles
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Las Dos Fronteras
0.32 miles
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Fabio's Pizza
0.48 miles
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Johnny's
0.53 miles
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Bruno's
0.61 miles
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Rally's
0.64 miles
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The Captain's Grill
0.67 miles
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Burger King
0.68 miles
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McDonald's
0.71 miles
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Subway
0.73 miles
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Lincoln Prepatary
0.16 miles
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Natividad Pagan International Newcomers Academy
0.39 miles
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Saint Rocco School
0.51 miles
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Metro Catholic School Boniface Building
0.62 miles
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Gilbert School
0.64 miles
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Clark Elementary School
0.71 miles
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Lincoln-West High School
0.72 miles
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Walton
0.74 miles
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Menlo Park Academy
0.82 miles
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Max Hayes High School
0.88 miles
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A Step Above
0.92 miles
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Heart to Heart Enrichment Center
0.95 miles
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Little Footsteps
1.11 miles
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Leah's Creative Learning Center
1.76 miles
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Like Home Child Care Center
1.86 miles
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Almira Early Learning Center
1.88 miles
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Tiny Heroes Childcare
1.91 miles
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Horizon Education Childcare Center
1.94 miles
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Apple of My Eye Child Care Center
1.95 miles
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Scribes & Scribblers Child Development Center Inc
7.78 miles
Frequently Asked Questions
How much does SELLER FINANCING AVAILABLE! (9.4% CAP RATE) THE FULTON APARTMENTS FOR SALE! (10-UNITS) cost?
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.
What is the total square footage of SELLER FINANCING AVAILABLE! (9.4% CAP RATE) THE FULTON APARTMENTS FOR SALE! (10-UNITS)?
SELLER FINANCING AVAILABLE! (9.4% CAP RATE) THE FULTON APARTMENTS FOR SALE! (10-UNITS) totals 11,407 square feet.
When was this property built?
SELLER FINANCING AVAILABLE! (9.4% CAP RATE) THE FULTON APARTMENTS FOR SALE! (10-UNITS) was built in 1987.
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Contact Listing Broker
David Rosenthal
Grimaldi Commercial Realty Corp.