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12308 Mayfield Rd
Cleveland, OH 44106
La Collina Little Italy · Multifamily Property For Sale
·
32 Units
Investment Highlights
- 32 oversized apartment units and approximately 8,658 SF of ground-floor NNN retail
Executive Summary
This offering presents a rare opportunity to acquire La Collina, a 32-unit luxury asset located in the heart of Little Italy at 12314 Mayfield Road in Cleveland, Ohio. Built in 2018, the property includes 32 oversized apartment units and approximately 8,658 SF of ground-floor NNN retail, creating a diversified income stream supported by two established food and beverage operators. Positioned within the highly desirable University Circle submarket, the asset benefits from immediate proximity to Cleveland Clinic, University Hospitals, and Case Western Reserve University, three of the region’s largest and most stable employment anchors.
Property Facts
| Sale Type | Investment | Lot Size | 0.41 AC |
| No. Units | 32 | Building Size | 60,644 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2018 |
| Building Class | A | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.41 AC |
| Building Size | 60,644 SF |
| Average Occupancy | 91% |
| No. Stories | 5 |
| Year Built | 2018 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Stainless Steel Appliances
- Walk-In Closets
- Wi-Fi
- Island Kitchen
Site Amenities
- 24 Hour Access
- Fitness Center
- Dry Cleaning Service
- Grill
- Laundry Service
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 1,045 - 1,229 |
| 1+2 | 2 | - | 1,151 |
| 1+2.5 | 1 | - | 1,045 |
| 2+2 | 16 | - | 1,151 - 1,541 |
| 3+2.5 | 8 | - | 1,631 - 1,740 |
Property Taxes
| Parcel Number | 121-04-111 | Improvements Assessment | $3,056,235 |
| Land Assessment | $373,905 | Total Assessment | $3,430,140 |
Property Taxes
Parcel Number
121-04-111
Land Assessment
$373,905
Improvements Assessment
$3,056,235
Total Assessment
$3,430,140
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