1734-1750 W. 28th St.
- LONG TERM OWNERSHIP
- VERY WELL KEPT
- AAA LOCATION
- UPSIDE
Property Description
1st TIME AVAILABLE IN 20+ YEARS. TWO NEIGHBORING BUILDINGS FOR A TOTAL OF 36 MODERN APARTMENTS IN THE HEART OF CLEVELAND'S MOST POPULAR NEIGHBORHOOD-OHIO CITY! 100% OCCUPIED WITH LEASES. EXCELLENT MIX OF STUDIO, ONE- & TWO-BEDROOM UNITS WITH INDIVIDUAL FURNACES AND 20 PARKING SPACES. 1734 W 28th (6 x 2BR, 6 x 1BR & 6 x STUDIOS). 1750 W 28th (1 x 2BR & 17 x 1BR). THIS PROPERTY HAS BEEN METICULOUSLY MAINTAINED AND MANAGED BY "HANDS ON" OWNERS FROM DAY ONE. UPDATES INCLUDE ROOF SEAL COATING, 20 YEAR LEAD ABATEMENT, 100 GALLON WATER HEATERS, HALLWAY CARPETING, SEVERAL APARTMENTS AND FURNACES AS NEEDED. THIS OFFERING PRESENTS A RARE OPPORTUNITY FOR AN INVESTOR TO OWN ONE OF THE VERY FEW "LARGER" APARTMENT PROPERTIES IN THE AREA, COMPETING WITH HIGH END NEW CONSTRUCTION UNITS. TURNKEY PROPERTY WITH UPSIDE TO RENTS. MASSIVE OPPORTUNITY TO MODERNIZE UNITS & MANAGEMENT TO MAXIMIZE INCOME.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,500,000 |
| No. of Units: | 36 |
| Average Occupancy: | 6.55 |
| Year Built: | 1962 |
| Lot Size: | 0.21 Acres |
| Opportunity Zone: | No |
| Price per unit: | $97,222 |
| Property Website | Click Here |
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