17901 Lake Shore Boulevard

Cleveland, OH 44119

Prime investment opportunity! This well-maintained 18-unit apartment building (9 one-bedroom, 9 two-bedroom) offers strong in-place cash flow with immediate upside potential. Currently 100% occupied with below-market rents (1BD $840 vs. $869 market; 2BD $933 vs. $1,037 market), this property presents an easy path to increase NOI. Recent upgrades include new roofs (2017), updated boiler system, modern electrical panels, parking lot, units update, and landscaped grounds – all with minimal deferred maintenance. Ideally located in Cleveland's desirable Lakeshore neighborhood, just minutes from Lake Erie parks, shopping centers, and downtown employment hubs. With an 8.5% cap rate and excellent tenant retention, this is a turnkey asset for investors seeking stable cash flow with built-in appreciation potential. Financials available to qualified buyers. Perfect for 1031 exchange or portfolio expansion. Schedule your private showing today!"* Key Features Included: ? 8.5% Cap Rate ? $28,728 Annual Rent Upside ? 100% Occupancy ? Major Upgrades ? Prime Lakeshore Location

Listing courtesy of Lei Jiang of OwnerLand Realty, Inc.



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