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Property Description

Incredible opportunity to acquire this 18-unit multifamily property boasting over 90% occupancy and numerous recent updates! Priced at an attractive cap rate of over 8% based on current financials, this asset offers immediate strong returns with the potential to exceed an 11% cap rate through a simple value-add strategy—just bump rents upon lease renewals. The building features 12 spacious one-bedroom units and six two-bedroom units, all with open floor plans and plenty of on-site parking for residents! Tenants cover their own electric via baseboard heating, while ownership is only responsible for water, sewer, and common area electric. This is a low-maintenance, easy-to-stabilize investment with solid cash-on-cash returns and a great price per door—perfect for investors seeking upside with minimal effort.

Features
: Baseboard, Electric
: Flat, Composition
: Public Sewer
Address Map
OH
Cuyahoga
Cleveland
44120
Milverton
14520
Road
W82° 25' 11.5''
N41° 28' 16''
North of HWY 422
Property Details
Russell Real Estate Services
Tal Tamir
2018001908
2759
130-18-138
: Public
2024
: Cash, Conventional, 1031 Exchange
23/04/2025 00:45:30
No
No
No
No
18

14520 Milverton Road, Cleveland, Ohio 44120

Commercial Sale For Sale

0.29 Acre
$940,000
Listing ID #5115330
Basic Details
Property Type : Commercial Sale
Property Sub Type : Apartment
Listing Type : For Sale
Listing ID : 5115330
Price : $940,000
Year Built : 1958
Lot Area : 0.29 Acre
Status : Active
Subdivision Location : A C Spears Sub #3
Current Use : Residential
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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