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11118 Clifton Boulevard, Cleveland, OH 44102
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$7,750,000
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Home Details for 11118 Clifton Boulevard
Price
$7,750,000
Type
Commercial/Industrial
Year Build
1910
Lot Size
0.7515
County
Cuyahoga
Tax
$102,235
MLS®️ Listing#
5115362
On exitrealty.com
166 days
Property Description
A rare opportunity to acquire a fully renovated 131-unit apartment building with 5 retail storefronts, ideally located just blocks from the highly sought-after Lakewood neighborhood! This expansive property has recently completed a full interior and common area renovation, featuring modern vinyl flooring, stylish kitchen and bathroom upgrades, fresh paint, and updated amenities throughout. Offering a mix of studios, one-bedrooms, and two-bedroom units — all with consistent, contemporary finishes — the building is experiencing a strong lease-up phase after their recent construction overhaul, thanks in part to an on-site leasing agent. Of the five retail storefronts, three are white-boxed and ready for new tenants, while one is currently leased on a month-to-month basis at under-market rent. The owner currently pays all utilities, and the building operates on a boiler heat and water system — a major value-add for tenants that enhances appeal. Tenants enjoy the unbeatable value of living steps away from Lakewood at a more affordable price point, making this an exceptional investment with upside potential. Seller is open to offering short-term seller financing with attractive terms: 24-month interest-only financing at 6% up to 20% of the purchase price.
- Heating Information
- Hot Water
- Steam
- Water Features
- Public
Listing Courtesy: Russell Real Estate Services - tal@premierclevelandinvesting.com, 216-870-8687
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information provided courtesy of the Northern Ohio Regional Multiple Listing Service.
Last Updated: 2025-10-06 09:15:53
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$7,750,000
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6370 Mount Pleasant St. NW, North Canton, OH 44720