216-403-9294
12700 Shaker Blvd, Cleveland, OH for Sale
Apartments - FOR SALE
1/30
null | 7.52% Cap Rate

12700 Shaker Blvd
Cleveland, OH 44120
Buckeye-Shaker


HIGHLIGHTS

  • Shaker Hall offers a 103-unit multifamily community investment with consistently high occupancy and a prime location adjacent to Shaker Square.
  • This exceptional location attracts tenants with easy access to popular local restaurants, shops, parks, and public transportation.
  • Over $700k in recent upgrades, including repairs to building systems, upgrades to suites and common areas, and updates to the elevator and roof.
  • Numerous retail amenities sit nearby, including Dave’s Market, Subway, McDonald’s, Atlas Cinemas, and many more.

OVERVIEW

Shaker Hall consists of 103 units in Cleveland's Historic Shaker Square Neighborhood. The property has recently undergone extensive capital repairs, including upgrades to suites and common areas, elevator upgrades, and roof updates. A new investor could continue unit upgrades and take advantage of rising rental rates in this submarket. Shaker Hall is a seven-story elevator-served community with garage parking and coin laundry. The owner pays for gas, heat, electricity, water, and sewer utilities. The building is well located minutes away from major employers and institutions in University Circle, Downtown Cleveland, and the Eastern Suburbs. Tenants are blocks from local shops, restaurants, and public transportation at Shaker Square, as well as minutes from major employers in the Eastern Suburbs, University Circle, and Downtown Cleveland.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

103

CAP RATE

7.52%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shaker Hall

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

36,838 SF

ZONING

MF-2

APN/PARCEL ID

129-10-002

ASK ABOUT THIS PROPERTY

Nick SoederAdams Lynch AssociatesMore Info
216-403-9294

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Nick SoederAdams Lynch AssociatesMore Info
216-403-9294

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.