1406 W 75th St — Sale in Cleveland, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Cleveland, OH 44102

Photos

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Investment Figures

Cap rate
7.90%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present The William located at 1406 W. 75th Street in Cleveland's trendy Gordon Square Arts District. Investment Highlights: • Highly Renovated, Cash-Flowing Apartment Community Located in One of Cleveland's Most Sought-After Neighborhoods - Gordon Square Arts District • Over $400,000 Invested into the Property over the Last Seven Years • All Two-Bedroom Units Featuring In-Suite Laundry, Luxury Finishes, and Spacious Floorplans • Strong Historical Occupancy Averaging High 90s to 100 Percent • Current Rents are Over $200 Below Direct Competitors and Over $1,500 Below New Construction • Located in the Highly Desirable and Trendy Gordon Square Arts District Featuring Six Theaters, More Than 20 Bars and Restaurants, Over 80 Businesses, and Five Newly Developed Apartment Communities • Within 10 Minutes of Ohio City, Tremont, and Downtown Cleveland

Market Context

This multifamily in Cleveland, OH is listed for sale. It is offered at an approximate 7.9% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Cleveland, OH — view the full market.

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