Cardinal MPARK Apartments 7559 Mentor Ave 57 Unit Apartment Building For Sale Mentor, OH 44060

Berkadia is pleased to present this exclusive multifamily offering for Cardinal MPark, a 57-unit apartment community located in Mentor, an established suburb of Cleveland, Ohio.
Cardinal MPark features a unique layout that stands out in the Mentor submarket. the studio, one-bedroom, and two-bedroom units all offer individual front-door access for tenants, creating a desirable, townhome-style feel. Each unit boasts spacious floor plans that support a wide array of renter profiles. Current ownership has implemented a successful renovation strategy featuring new flooring, new countertops, modern cabinetry, and updated appliances, which has resulted in meaningful rent increases. New ownership has the opportunity to continue this value-add program by renovating the remaining classic units, further enhancing rental income and the overall financial performance of the asset.
Cardinal MPark is ideally situated between two of Northeast Ohio’s primary thoroughfares, I-90 and State Route 2, both of which are approximately five minutes away. Additionally, the property is located near the intersection of Mentor Avenue and Route 306, providing excellent connectivity throughout Mentor and to Cleveland’s East Side. Mentor Avenue is a major retail and dining corridor, giving residents walkable access to numerous restaurants, shops, fitness centers, and other nearby conveniences. Great Lakes Mall is a 2-minute drive, offering tenants access to many national retailers such as Best Buy, Michaels, t.J. Maxx, ALDI, Dick’s Sporting Goods, and JCPenney. Points East Shopping Center is a 4-minute drive, hosting additional national retailers including Marshalls, Old Navy, DSW, and Panera Bread. Downtown Willoughby is just 5 minutes away and offers a vibrant mix of bars, restaurants, and nightlife. Lastly, Cardinal MPark is located within a 15-minute drive of several major employers, uH Lake West Medical Campus (approximately 2,400 employees), and Lubrizol Corporation (approximately 2,750 employees), all of which significantly bolster demand for quality housing in the area.