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| Property Type | Mixed Use |
| Location | Cleveland, Ohio Map It |
| Title | Lender Owned 426 Unit 20 Story Apartment Complex located in the Heart of Downtown Cleveland with Upside and Seller Carry |
| Summary | Lender Owned 20 Story 426 Unit Apartment Building with 6 Ground-Floor Retail/Restaurant Spaces with Underground Parking in Downtown Cleveland Ohio |
| Details | Building is 568,907 SF on 1.24 Acres The Subject Property consists of an apartment complex with a two and 20-story apartment building. The Property is improved with an "L"-shaped, building. A portion of the building is an eight level parking garage with a rooftop deck, pool, and sport court, as well as six street-level commercial units. Floors 2 through 20 contain 426 apartment units. The first floor and basement contain the leasing office, laundry room, the fitness center, and game room.The standard apartment unit layout includes a kitchen, living room/dining room and one bath for the studio, one- and two-bedroom units, and two baths for the three-bedroom units. The units have standard kitchen appliances including, refrigerators, ranges with exhaust hoods, with dishwashers, microwave ovens with integral exhaust hoods. |
| Income and Sales Details | Property experienced flooding and mis-management and issues with interest rate hike and bank took over in June |
| Asking Price | $42,000,000.00 |
| Date Updated | November 21, 2024 |