Log In/Sign Up
Your email has been sent.
West 117th Apartments 3456 W 117th St 6 Unit Apartment Building $500,000 ($83,333/Unit) Cleveland, OH 44111
INVESTMENT HIGHLIGHTS
- Located in the busy Lorain Avenue - W 117th Street district.
- Less than 10-minute drive from Lake Erie and Downtown Cleveland.
- Excellent access to I-90, I-71, I-480, and Cleveland Hopkins Airport.
- Fully occupied with below market rents.
- Two RTA rapid stops.
- Home to Assad's Mediterranean Cuisine, Chef Carolyn's Exotic Cuisine, Der Braumeister, Hawana's Sweets & Kitchen, and more.
EXECUTIVE SUMMARY
This is a unique opportunity to invest in an improving neighborhood that is popular with renters. The 6-unit property with first floor retail is well-maintained and well-located, resulting in high historic occupancy. The deep rental market in this neighborhood provides for shorter term vacancies and the ability to push rents up to market rates more quickly. In addition, the rising tide of the neighborhood is home to many new food, lifestyle, and entertainment areas, and has attracted significant investment in recent years.
PROPERTY FACTS
| Price | $500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $83,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| No. Units | 6 | Building Size | 6,238 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | General Retail/Apartments | ||
| Price | $500,000 |
| Price Per Unit | $83,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 6,238 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | General Retail/Apartments |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 018-04-180 | Improvements Assessment | $97,545 |
| Land Assessment | $4,410 | Total Assessment | $101,955 |
PROPERTY TAXES
Parcel Number
018-04-180
Land Assessment
$4,410
Improvements Assessment
$97,545
Total Assessment
$101,955
CONTACTS
-
Rico Pietro -
Eric Schreibman -
Robby Martinelli -
Kirsten Paratore -
Cushman & Wakefield | CRESCO Real Estate
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
West 117th Apartments | 3456 W 117th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.