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Clifton Court Apartments 11118 Clifton Blvd 131 Unit Apartment Building $7,750,000 ($59,160/Unit) Cleveland, OH 44102
INVESTMENT HIGHLIGHTS
- 131-Unit Apartment Building
- Recently undergone complete renovation
- On-site leasing agent
- Terrific location near desirable Lakewood
- Diverse mix of studios, 1BR & 2BR units with consistent contemporary finishes
- Boiler heat and water system
EXECUTIVE SUMMARY
A rare opportunity to acquire a fully renovated 131-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.
PROPERTY FACTS
| Price | $7,750,000 | Building Class | B |
| Price Per Unit | $59,160 | Lot Size | 0.75 AC |
| Sale Type | Investment | Building Size | 77,120 SF |
| No. Units | 131 | Average Occupancy | 63% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Mid-Rise | ||
| Zoning | Multi-Family - Apartments | ||
| Price | $7,750,000 |
| Price Per Unit | $59,160 |
| Sale Type | Investment |
| No. Units | 131 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.75 AC |
| Building Size | 77,120 SF |
| Average Occupancy | 63% |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | Multi-Family - Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Controlled Access
- Property Manager on Site
- Package Service
- Vintage Building
- Maintenance on site
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $19,670 | |
| Land Assessment | $4,795 | Total Assessment | $24,465 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,795
Improvements Assessment
$19,670
Total Assessment
$24,465
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Clifton Court Apartments | 11118 Clifton Blvd
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