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10820-10822 Carnegie Ave
Cleveland, OH 44106
Liberty Fairchild Apartments land assembly · Multifamily Property For Sale · 22 Units

Investment Highlights

  • LOCATION, LOCATION, LOCATION---Light-Rail and TOD possibility. Between CWRU and Cleveland Clinic main campus. A STRATEGIC investment opportunity.
  • Financials are estimates. Actual average income is close to $910/month/unit. Market for comparable units in area is closer to $1,350.
  • Site is prime for development of 400-600 multi-family if assembled with adjacent parcel(s). Potential one to three acres in University Circle

Property Facts

No. Units 22
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.55 AC
Building Size 20,000 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1917/1986
Parking Ratio 1.1/1,000 SF
Zoning GR-E3 - General Retail 115 ft height lim. Can petition for increase. Probable comparable to One University Circle (20 stories, 215 ft) should be reasonable.

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Tub/Shower

Site Amenities

  • Laundry Facilities
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 14 $960.00 880 - 910
1+1 8 $800.00 530 - 660

Property Taxes

Property Taxes

Parcel Number
121-24-015
Land Assessment
$90,860
Improvements Assessment
$225,260
Total Assessment
$316,120
  • Listing ID: 34098073

  • Date on Market: 12/5/2024

  • Last Updated:

  • Address: 10820-10822 Carnegie Ave, Cleveland, OH 44106

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