12700 Shaker Blvd - Apartments FOR SALE


Cleveland, OH 44120
$7,000,000 USD
216-862-5616
12700 Shaker Blvd, Cleveland, OH for Sale
$7,000,000 USD
Apartments - FOR SALE
1/30
null | 7% Cap Rate

12700 Shaker Blvd
Cleveland, OH 44120


HIGHLIGHTS

  • Over $700,000 in Recent Upgrades
  • Garage Parking
  • Highly Walkable Location

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. Opportunity exists for a new investor to continue unit upgrades and take advantage of rising rental rates in this submarket. Shaker Hall is a seven-story elevator building with garage parking and coin laundry. Owner pays for gas heat, electric, water and sewer utilities. Tenants are blocks from local shops, restaurants, and public transportation available at Shaker Square as well as being minutes from major employers in the Eastern Suburbs, University Circle, and Downtown Cleveland.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$54 USD /SF

# OF UNITS

103

PRICE/UNIT

$67,961

CAP RATE

7%

% 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
216-862-5616

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Nick SoederAdams Lynch AssociatesMore Info
216-862-5616

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