Log In/Sign Up
Your email has been sent.
Edgewater Premium Apartments 11100-11106 Detroit Ave 64 Unit Apartment Building $4,900,000 ($76,563/Unit) Cleveland, OH 44102
EXECUTIVE SUMMARY
The Edgewater Premium Apartments, a distinguished portfolio featuring 4 properties, containing 60 residential units and 4 commercial suites. These properties are nestled in the revitalized, quickly evolving Edgewater neighborhood, on the border of Lakewood and Cleveland, Ohio.
Edgewater Premium Apartments are strategically located between the West Side’s main thoroughfares, Madison and Detroit Avenue. The property is just 1.5 miles from Edgewater Beach and a 10-minute drive to Downtown Cleveland. Residents benefit from a 10-minute walk to the RTA West Boulevard stop, a 5-minute drive to I-90, and a 4-minute drive to OH-2, providing convenient access to Cleveland’s main attractions and employment centers.
Ownership has started a light interior renovation strategy, yielding increased returns. A new investor has the opportunity to conduct a full value-add program and greatly increase the performance of the asset. Additionally, the 4 commercial suites offer investors the chance to diversify revenue streams and increase returns.
Detroit Manor: 11100 Detroit Avenue. 25 residential units and 2 commercial suites.
Deli Building: 11115 Detroit Avenue. 13 residential units and 2 commercial suites.
West Edge: 111103 Detroit Avenue. 12 residential units
Minta & Flora: 11029-11031 Detroit Ave, 10 residential units.
Edgewater Premium Apartments are strategically located between the West Side’s main thoroughfares, Madison and Detroit Avenue. The property is just 1.5 miles from Edgewater Beach and a 10-minute drive to Downtown Cleveland. Residents benefit from a 10-minute walk to the RTA West Boulevard stop, a 5-minute drive to I-90, and a 4-minute drive to OH-2, providing convenient access to Cleveland’s main attractions and employment centers.
Ownership has started a light interior renovation strategy, yielding increased returns. A new investor has the opportunity to conduct a full value-add program and greatly increase the performance of the asset. Additionally, the 4 commercial suites offer investors the chance to diversify revenue streams and increase returns.
Detroit Manor: 11100 Detroit Avenue. 25 residential units and 2 commercial suites.
Deli Building: 11115 Detroit Avenue. 13 residential units and 2 commercial suites.
West Edge: 111103 Detroit Avenue. 12 residential units
Minta & Flora: 11029-11031 Detroit Ave, 10 residential units.
PROPERTY FACTS
| Price | $4,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $76,563 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 43,750 SF |
| No. Units | 64 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | GR - Apartments | ||
| Price | $4,900,000 |
| Price Per Unit | $76,563 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 43,750 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | GR - Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Den
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- On-Site Retail
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 36 | - | 500 |
| 2+1 | 33 | - | 700 - 950 |
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 001-18-008 | Improvements Assessment | $381,920 |
| Land Assessment | $16,415 | Total Assessment | $398,335 |
PROPERTY TAXES
Parcel Number
001-18-008
Land Assessment
$16,415
Improvements Assessment
$381,920
Total Assessment
$398,335
1 of 21
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Edgewater Premium Apartments | 11100-11106 Detroit Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.