635 W Lakeside Ave - Apartments FOR SALE


Cleveland, OH 44113- Warehouse District
$899,000 USD
216-525-1491
635 W Lakeside Ave, Cleveland, OH for Sale
$899,000 USD
Apartments - FOR SALE
1/8
null | 7.07% Cap Rate

635 W Lakeside Ave
Cleveland, OH 44113
Warehouse District


HIGHLIGHTS

  • 635 W Lakeside Avenue is home to the modern Lofts at The Cloak Factory, a five-unit apartment building constructed in 1900 and renovated in 2024.
  • In a prime location with a strong tenant demand and timeless appeal.
  • This is a fully leased investment opportunity at The Cloak Factory, offering luxurious and upgraded apartments.
  • The units feature tall ceiling heights, exposed brick, and beams.

OVERVIEW

Located in the vibrant Warehouse District of Downtown Cleveland, The Cloak Factory offers a fully leased investment opportunity featuring five luxurious and upgraded apartments. This historic building has been meticulously re-imagined, preserving its historic charm while incorporating modern, high-end finishes. The units boast massive ceiling heights, exposed brick, and beams, creating a unique blend of industrial elegance and contemporary sophistication. The property includes three two-bedroom units and two one-bedroom units, all fully remodeled from top to bottom. With its prime location and strong tenant demand, The Cloak Factory presents a rare chance to invest in a property with timeless appeal.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

5

PRICE/UNIT

$179,800

CAP RATE

7.07%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lofts at The Cloak Factory

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

-

APN/PARCEL ID

101-09-003

ASK ABOUT THIS PROPERTY

Kirsten ParatoreCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1491

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Kirsten ParatoreCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1491

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