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.
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