Vision Sales Team

14235 W Lorain Avenue

Cleveland , OH 44111

MLS#: 5134517

$2,990,000

Status: Active
Listing number: 5134517
Listing provided by: EXP Realty, LLC.
Listing agent phone: None
Last update: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1962

Sq.Footage

N/A

Welcome to Garden West Apartments. This 44-unit apartment community features (3) buildings, (32) 1BA/1BA and (12) 2BR/2BA residences. (42) parking spaces, building owned laundry in each building and wall A/C per unit round out the amenities. Over twenty years of hands-on, full-time management by ownership is evident as you walk the property and examine the rent roll. Nearly 50% of the tenancy has been with the building pre-Covid, which presents a unique opportunity to acquire an asset with stable tenancy AND upside. Physically, the buildings are in excellent shape with little to no deferred maintenance required. In addition, these buildings had been Lead Certified in 2021 and good for twenty years. A true turn-key property with potential admin upside to create more value. Income & Expense Statement available upon request.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Heating YN

    YES

  • Heating

    Natural Gas, Baseboard

Exterior

  • Garage

    No

  • Parking

    Assigned, Asphalt, On Site, Off Street, Parking Lot, Private

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.9

  • Property Type

    Commercial Sale

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $2,990,000

  • Tax Amount

    57618.14

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Cleveland Municipal - 1809

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Sewer

    Public Sewer

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Location

County

Cuyahoga

Elementary School

Cleveland Municipal - 1809

Middle School

High School

Listing Courtesy of Chris M Matan , EXP Realty, LLC.

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Agent ShelbyHumpal

AGENT

ShelbyHumpal

Call Shelby today to schedule a private showing.

(440) 321-8376

Shelby@VisionSalesTeam.com


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Welcome to Garden West Apartments. This 44-unit apartment community features (3) buildings, (32) 1BA/1BA and (12) 2BR/2BA residences. (42) parking spaces, building owned laundry in each building and wall A/C per unit round out the amenities. Over twenty years of hands-on, full-time management by ownership is evident as you walk the property and examine the rent roll. Nearly 50% of the tenancy has been with the building pre-Covid, which presents a unique opportunity to acquire an asset with stable tenancy AND upside. Physically, the buildings are in excellent shape with little to no deferred maintenance required. In addition, these buildings had been Lead Certified in 2021 and good for twenty years. A true turn-key property with potential admin upside to create more value. Income & Expense Statement available upon request.

14235 W Lorain Avenue

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