11107-11111 Detroit Ave | Cleveland, OH 44102
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11107-11111 Detroit Ave
Cleveland, OH 44102
Auction - 28 Unit Apartment Bldg | Edgewater · Multifamily Property For Sale
·
28 Units
Investment Highlights
- STARTING BID $250,000 | 28 Unit Apartment Building | Edgewater Neighborhood | AUCTION NOVEMBER 4-6, 2024
- Highly Desirable Location Within Cleveland’s Edgewater Neighborhood
- Strong Comp Set Providing Investors Abundance of Proof of Concept for Luxury Rentals and Corresponding Rental Market
- Vacant Building Ready for Redevelopment to 28 Luxury Multifamily Units
- Qualifies for 15-Year Residential Tax Abatement | Building Plan and Designs Completed
- Less than 10 Minutes to Downtown Cleveland, Two Major Hospitals, and Countless Popular Bars and Restaurants
Property Facts
| No. Units | 28 | Building Size | 21,200 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1920 |
| Building Class | C | Parking Ratio | 1.32/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | GR - Apartments | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 21,200 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built | 1920 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | GR - Apartments |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | - | 800 |
Property Taxes
| Parcel Number | 001-25-018 | Improvements Assessment | $231,840 |
| Land Assessment | $34,615 | Total Assessment | $266,455 |
Property Taxes
Parcel Number
001-25-018
Land Assessment
$34,615
Improvements Assessment
$231,840
Total Assessment
$266,455
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