(9.4% CAP RATE)! THE FULTON APARTMENTS FOR SALE! (10-UNITS)

3355 West 43rd Street, Cleveland, OH 44109

  • For Sale $900,000
  • Property Type Multi-Family
  • Property Size 11,407 SF
  • Units 10
  • Parking Spaces Avail. 24
  • Property Tenancy Multi-Tenant
  • Year Built 1987
  • Year Renovated 2023
  • Date Updated Mar 29, 2024
10-Unit Multifamily Portfolio in Cleveland, Ohio FOR SALE! UNITS LOCATED AT THE FOLLOWING ADDRESSES: 3355 W 43rd St Cleveland, OH 44109 (4-UNITS) 3893 E 57th St Cleveland, OH 44105 (4-UNITS) 2786 E 119th St Cleveland, OH 44105 (2-UNITS)

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Attachments

Highlights

  • 10-UNIT PORTFOLIO OF APARTMENTS IN THE FAMOUS CLARK-FULTON NEIGHBORHOOD OF CLEVELAND, OH.
  • 100% OCCUPIED!
  • LONG-TERM TENANTS ON SHORT-TERM LEASES WITH SIGNIFICANTLY BELOW-MARKET-AVERAGE RENTAL RATES!
  • MASSIVE UPSIDE FOR A BUYER TO INSTANTLY RAISE RENTS AND OBTIAN A 10.2%+ CAP RATE!
  • 8.5% CAP RATE IN 2024 (IN-PLACE)!
  • 10.2% CAP RATE IN 2025!
  • 12.1% CAP RATE IN 2026!
  • 13.6% CAP RATE BY 2027!
  • UNITS HAVE BEEN SIGNIFICANTLY UPGRADED IN THE PAST 4 YEARS!
  • RECENT IMPROVEMENTS INCLUDE UPDATED ROOFING, ELECTRICAL UPGRADES, NEW BATHROOMS, NEW HVAC UNITS, AND MUCH MORE!
  • RARE OPPORTUNITY TO OWN AN AMAZING VALUE-ADD PROPERTY IN THE FAMOUS CLARKFULTON NEIGHBOORHOOD OF CLEVELAND OHIO!

Contacts

broker

David Rosenthal

Grimaldi Commercial Realty Corp.

(813) 882-0884

Location

Getting Around

  • Walk Score ®

    67/100 Somewhat Walkable

  • Transit Score ®

    38/100 Some Transit

  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • City Cleveland, OH
  • Neighborhood Clark-Fulton
  • Zip Code 44109
  • Market Cleveland Akron

Points of Interest

  • West 65th–Lorain (Eco-Village)

    1.19 miles

  • West 25th–Ohio City

    1.69 miles

  • West Boulevard–Cudell

    2.30 miles

  • Settlers Landing

    2.46 miles

  • Flats East Bank

    2.62 miles

  • Tower City

    2.65 miles

  • West 117th–Madison

    2.93 miles

  • West 3rd

    2.99 miles

  • Tri-C–Campus District

    3.03 miles

  • Cleveland

    3.12 miles

  • BP

    0.66 miles

  • Sunoco

    0.72 miles

  • Pearl Denison Shell

    1.08 miles

  • Sunoco

    1.12 miles

  • Hanini Petroleum

    1.28 miles

  • Ohio City Gas

    1.30 miles

  • BP

    1.31 miles

  • Sunoco

    1.35 miles

  • Express Gas

    1.81 miles

  • Speedway

    1.84 miles

  • View Garage

    0.97 miles

  • Toomey

    1.01 miles

  • St. Ignatius Parking

    1.47 miles

  • West Side Market Parking

    1.71 miles

  • Merwin's Wharf Parking Lot

    2.00 miles

  • Cudell Station Parking

    2.36 miles

  • Collection Auto Group Centre

    2.72 miles

  • Ontario Street Parking Garage

    2.75 miles

  • Gateway East

    2.81 miles

  • 515 Garage

    2.92 miles

  • Cleveland Hostel

    1.56 miles

  • J. Palen House

    1.63 miles

  • Stone Gables Inn

    1.64 miles

  • The Ritz-Carlton

    2.62 miles

  • Renaissance Cleveland Hotel

    2.70 miles

  • Aloft Cleveland Downtown

    2.71 miles

  • Residence Inn Cleveland Downtown

    2.84 miles

  • Hotel Indigo Cleveland Downtown, an IHG Hotel

    2.84 miles

  • Cleveland Marriott Downtown at Key Tower

    2.89 miles

  • Hilton Garden Inn

    2.90 miles

  • Diana Baker's Diner

    0.18 miles

  • Joe De's Pizzeria

    0.29 miles

  • Fabio's Pizza

    0.48 miles

  • Johnny's

    0.53 miles

  • Bruno's

    0.61 miles

  • Rally's

    0.64 miles

  • Lovellee's Grub Pub

    0.64 miles

  • The Captain's Grill

    0.67 miles

  • Burger King

    0.68 miles

  • McDonald's

    0.71 miles

  • Lincoln Prepatary

    0.16 miles

  • Natividad Pagan International Newcomers Academy

    0.39 miles

  • Saint Rocco School

    0.51 miles

  • Metro Catholic School Boniface Building

    0.62 miles

  • Gilbert School

    0.64 miles

  • Clark Elementary School

    0.71 miles

  • Lincoln-West High School

    0.72 miles

  • Walton

    0.74 miles

  • Max Hayes High School

    0.88 miles

  • Denison Elementary School

    0.94 miles

  • Heart to Heart Enrichment Center

    0.95 miles

  • Little Footsteps

    1.11 miles

  • Little Footsteps

    1.68 miles

  • Leah's Creative Learning Center

    1.77 miles

  • Almira Early Learning Center

    1.88 miles

  • Tiny Heroes Childcare

    1.91 miles

  • Apple of My Eye Child Care Center

    1.95 miles

  • The Magical World Child Care and Learning Center

    2.13 miles

  • A Step Above Childcare

    2.20 miles

  • The Children's Palace Learning Center

    2.35 miles

Frequently Asked Questions

What is the lease rate for (9.4% CAP RATE)! THE FULTON APARTMENTS FOR SALE! (10-UNITS)?

Rental asking rate at (9.4% CAP RATE)! THE FULTON APARTMENTS FOR SALE! (10-UNITS) is $450,000.00/YR.

What is the total square footage of (9.4% CAP RATE)! THE FULTON APARTMENTS FOR SALE! (10-UNITS)?

(9.4% CAP RATE)! THE FULTON APARTMENTS FOR SALE! (10-UNITS) totals 11,407 square feet.

When was this property built?

(9.4% CAP RATE)! THE FULTON APARTMENTS FOR SALE! (10-UNITS) was built in 1987.

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Contact Listing Broker

broker

David Rosenthal

Grimaldi Commercial Realty Corp.

(813) 882-0884