OH > Cleveland > East Shore Park
Cleveland, OH 44119,17901 Lake Shore BLVD
Cleveland, OH 44119,17901 Lake Shore BLVD
Cleveland, OH 44119,17901 Lake Shore BLVD
Cleveland, OH 44119,17901 Lake Shore BLVD
Cleveland, OH 44119,17901 Lake Shore BLVD
Cleveland, OH 44119,17901 Lake Shore BLVD
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Shawana Hanson

Shawana Hanson

+1(216) 971-3161
$ 1,290,000
Est. payment | /mo

0.34 Acres Lot

Save
$ 1,290,000
Est. payment | /mo
Save

0.34 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active Under Contract

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

Contingent Appraisal,Inspections

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

Listed by Lei Jiang • OwnerLand Realty, Inc. • lei@jiangrealestate.com, 216-280-0218
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"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."

+1(216) 971-3161

info@luxehauscle.com

1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States

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