OH > Shaker Heights > Vandeboe Hager Cos Northwoo
Shaker Heights, OH 44120,12955 Larchmere BLVD
Shaker Heights, OH 44120,12955 Larchmere BLVD
Shaker Heights, OH 44120,12955 Larchmere BLVD
Shaker Heights, OH 44120,12955 Larchmere BLVD
Shaker Heights, OH 44120,12955 Larchmere BLVD
Shaker Heights, OH 44120,12955 Larchmere BLVD
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Shawana Hanson

Shawana Hanson

+1(216) 971-3161
$ 1,800,000
Est. payment | /mo

0.42 Acres Lot

Save
$ 1,800,000
Est. payment | /mo
Save

0.42 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Vandeboe Hager Cos Northwoo

MLS Listing ID 5149711

HOA Y/N No

Year Built 1965

Annual Tax Amount $51,480

Tax Year 2024

Lot Size 0.418 Acres

Acres 0.418

Property Sub-Type Apartment

Property Description

This offering presents investors with an extremely rare chance to acquire a 30-unit multifamily asset in Cleveland's sought-after Larchmere District, a submarket experiencing significant growth and revitalization. The property is comprised of 30 one-bedroom units, 20 of which have undergone recent renovations including modern kitchens, updated bathrooms, vinyl flooring, and new fixtures, complemented by refreshed common areas with new paint, lighting, and flooring. Additionally, a large single-family home situated on a separate lot provides a compelling value-add opportunity—either as a high-premium rental unit or a resale project yielding substantial equity upside. The asset is well-positioned for increased cash flow and double-digit returns through modest rent growth on renewals. With boiler heat, chiller cooling, and strong tenant demand in this thriving district, the property offers investors a stabilized, income-producing building with exceptional long-term upside.

Location

State OH

County Cuyahoga

Interior

Heating Hot Water, Steam

Cooling Central Air

Fireplace No

Exterior

Parking Features On Site, Paved

Water Access Desc Public

Roof Type Composition,Flat

Building

Sewer Public Sewer

Water Public

Schools

School District Shaker Heights Csd - 1827

Others

Tax ID 736-31-048

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687
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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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