OH > Cleveland > Brooklyn
Cleveland, OH 44102,11118 Clifton BLVD
Cleveland, OH 44102,11118 Clifton BLVD
Cleveland, OH 44102,11118 Clifton BLVD
Cleveland, OH 44102,11118 Clifton BLVD
Cleveland, OH 44102,11118 Clifton BLVD
Cleveland, OH 44102,11118 Clifton BLVD
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Aaron Gobble

Aaron Gobble

+1(330) 612-2155
$ 9,500,000
Est. payment | /mo

0.75 Acres Lot

Save
$ 9,500,000
Est. payment | /mo
Save

0.75 Acres Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Brooklyn

MLS Listing ID 5115362

HOA Y/N No

Year Built 1910

Annual Tax Amount $102,235

Tax Year 2024

Lot Size 0.751 Acres

Acres 0.7515

Property Sub-Type Retail

Property Description

A rare opportunity to acquire a fully renovated 134-unit apartment building with 5 retail storefronts, ideally located just blocks from the highly sought-after Lakewood neighborhood! This expansive property has recently completed a full interior and common area renovation, featuring modern vinyl flooring, stylish kitchen and bathroom upgrades, fresh paint, and updated amenities throughout. Offering a mix of studios, one-bedrooms, and two-bedroom units — all with consistent, contemporary finishes — the building is experiencing a strong lease-up phase after their recent construction overhaul, thanks in part to an on-site leasing agent. Of the five retail storefronts, three are white-boxed and ready for new tenants, while one is currently leased on a month-to-month basis at under-market rent. The owner currently pays all utilities, and the building operates on a boiler heat and water system — a major value-add for tenants that enhances appeal. Tenants enjoy the unbeatable value of living steps away from Lakewood at a more affordable price point, making this an exceptional investment with upside potential. Seller is open to offering short-term seller financing with attractive terms: 24-month interest-only financing at 6% up to 20% of the purchase price.

Location

State OH

County Cuyahoga

Interior

Heating Hot Water, Steam

Fireplace No

Exterior

Water Access Desc Public

Roof Type Composition,Flat

Present Use Residential,Retail

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 001-19-089

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(330) 612-2155

agobble21@gmail.com

Akron, OH, United States

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11118 Clifton BLVD