Active

1734-1750 W 28th Street

Cleveland OH, 44113

$3,950,000


Active

Commercial

Built in 1962

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 29 PARKING SPACES. 1734 W 28th (6 x 2BR, 6 x 1BR & 6 x STUDIOS). 1750 W 28th (18 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 BLEND LONG TERM, MID TERM & SHORT TERM RENTALS TO MAXIMIZE INCOME.

4506363

MLS ID

November 30, 2023

Listed

May 9, 2024

Updated

Map

1734-1750 W 28th Street
Cleveland OH, 44113

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Wall Unit(s)


Heating

Yes


Heating Description

Forced Air, Gas

Exterior/Building Features

Roof

Flat


Sewer

Public Sewer

School Information

School District

Cleveland Municipal - 1809

Other Property Details

Taxes

$37,635


Tax Frequency

Annually


Days on Market

81


Garage

No


Parking

On Site, Paved


Parking Total

29


View

No


County

Cuyahoga


Municipality

Cleveland


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

 

Courtesy of EXP Realty, LLC.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor CPD Homes, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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