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Listing Presented by RE/MAX Traditions  (440) 247-3707
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Listing Presented By:RE/MAX Traditions
Office Phone:(440) 247-3707
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Description: Welcome to the 1900 Euclid Ave Lofts, a modernized piece of Cleveland's history that still features the original marble floors and decorative crown moulding of the past. Its located in the heart of Downtown Cleveland, just steps from the CSU campus and walking distance to the Playhouse Square district. It consists of 17- 2 story townhomes, 28 -1bed, 28- 2bed, 7 studios and 3 retail units. Its prime location, loft style units and amenities such as in-suite laundry and a/c, a fitness center with sauna and tanning, underground parking with key fob access and an on site mini mart and a restaurant (courtesy of the retail tenants) make this building desirable to locals, tenants and students alike. A new trash compactor was just installed and a new roll roof is being installed on the courtyard prior to closing. All vacant units will be delivered rent ready making this truly turnkey investment with a net income north of $700k/year! Seller has several other multifamily apartments to sell and is open to portfolio offers. This is the largest.
Directions: Located on Euclid Ave between E 18 and E 21st. The building is on the right when headed east and is between Rascal house Pizza and a rock climbing gym.
Property Type:
COMMERCIAL SALE
Property Sub-Type:
Apartment
Area:
Cle South of Euclid - East Cleveland
Square Feet:
113402
Year Built:
1912
Age:
110
Basement:
Full
Garage/Parking:
Assigned,Indoor,Multi-Level
Municipality:
Cleveland-E/R
County:
Cuyahoga
Subdivision:
City/Cleveland
Taxes:
$199,086.52
Lessor Pays:
Sewer,Trash Collection,Water
Cooling:
Central Air
Heat:
Forced Air,Gas,Radiant
Roof:
Flat
Sewer:
Public Sewer
Water:
Public
Ownership:
Resident


Financing:
Net Op Income:
$762,372.00

FEATURES: Basement, Central Air
Virtual Tour: Click here to VIEW THE VIRTUAL TOUR!

Listing Provided By:
List Office: KELLER WILLIAMS CITYWIDE
Office Phone: (440) 892-2211
List Agent: Gregory Erlanger
(216) 916-7778