17901 Lake Shore BLVD new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44119
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision East Shore Park
MLS Listing ID 5143268
HOA Y/N No
Year Built 1977
Annual Tax Amount $22,682
Tax Year 2024
Lot Size 0.337 Acres
Acres 0.3374
Property Sub-Type Apartment
Property Description
Prime investment opportunity! This well-maintained 18-unit apartment building (9 one-bedroom, 9 two-bedroom) offers strong in-place cash flow with immediate upside potential. Currently 100% occupied with below-market rents (1BD $840 vs. $869 market; 2BD $933 vs. $1,037 market), this property presents an easy path to increase NOI. Recent upgrades include new roofs (2017), updated boiler system, modern electrical panels, parking lot, units update, and landscaped grounds – all with minimal deferred maintenance.
Ideally located in Cleveland's desirable Lakeshore neighborhood, just minutes from Lake Erie parks, shopping centers, and downtown employment hubs. With an 8.5% cap rate and excellent tenant retention, this is a turnkey asset for investors seeking stable cash flow with built-in appreciation potential.
Financials available to qualified buyers. Perfect for 1031 exchange or portfolio expansion. Schedule your private showing today!"*
Key Features Included:
? 8.5% Cap Rate
? $28,728 Annual Rent Upside
? 100% Occupancy
? Major Upgrades
? Prime Lakeshore Location
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 114-02-022
Special Listing Condition Standard