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About This Home

This 0-bedroom, 0-bathroom single family at 11118 Clifton Boulevard in Cleveland, OH is listed for $8,500,000. Built in 1910, on a 0.75 acres lot.

Agent Description

A rare opportunity to acquire a fully renovated 134-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.

Key Features

  • Built in 1910
  • 0.75 acre lot

Property Details

1910

Monthly Cost Estimate

$45,460/mo

20% down · 6.5% · 30 years

Principal$6,147
Interest$36,833
Insurance$2,479

Estimates only. Actual payments may vary.

Location

11118 Clifton Boulevard

Cleveland, OH 44102

Brooklyn

Property Details

Heating

Hot Water(Heating)Steam

Questions & Answers

This 0-bedroom, 0-bathroom single family at 11118 Clifton Boulevard is listed at $8,500,000. The estimated monthly payment is $36,833 based on 20% down at 6.5% interest.

Key features include: Built in 1910, 0.75 acre lot.

This property is listed by Tal Tamir and can be reached at 2168708687 or tal@premierclevelandinvesting.com.

TT

Tal Tamir

Agent at Russell Real Estate Services

(216) 870-8687

Listed by Russell Real Estate Services

MLS# 5115362· Source: listhub· Updated 347 days ago

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11118 Clifton Boulevard, Cleveland, OH 44102

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