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1020 Kenilworth Ave
Cleveland, OH 44113
Multifamily Property For Sale
·
6 Units
Executive Summary
Cushman & Wakefield | CRESCO Real Estate is pleased to present this Offering Memorandum for 1020 Kenilworth Avenue, a 6-unit multifamily property located in Tremont, just outside of downtown Cleveland, Ohio. This offering presents a rare opportunity to acquire a newly renovated, turnkey, multifamily investment in the heart of Tremont, one of Cleveland’s most sought-after urban neighborhoods. The property consists of six well-maintained residential apartments providing a stable income stream. Significant capital improvements along with strong local ownership and management provides investors a unique opportunity to purchase a like-new asset in a historic market. Positioned just steps from Tremont’s Lincoln Park, premier restaurants, entertainment, and outdoor amenities, the property offers immediate cash flow with long-term appreciation potential.
Property Facts
| Sale Type | Investment | Building Size | 4,770 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1885 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.15 AC |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,770 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1885 |
| Opportunity Zone |
Yes |
Property Taxes
| Parcel Number | 004-12-021 | Improvements Assessment | $90,650 |
| Land Assessment | $44,695 | Total Assessment | $135,345 |
Property Taxes
Parcel Number
004-12-021
Land Assessment
$44,695
Improvements Assessment
$90,650
Total Assessment
$135,345
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