Summary

  • Address: 11003, 11009, 11027, 11111 Clifton Blvd, Cleveland OH 44102
  • Units: 31
  • Years Built: 1915 - 1920
  • Average Unit Size: +/- 961 sf
  • In-Place Average Rent (/SF): $1,112 ($1.16/SF)
  • Occupancy: 87.1%

Investment Highlights

• Portfolio accumulated by local family over the last 25+ years

• Highly desirable location on picturesque Clifton Boulevard in Cleveland’s Edgewater Neighborhood

• Existing rents $250+ below competing properties

• Consistently well-occupied averaging 98% occupancy

• Majority of units (84%) are abundantly large two bedrooms
• Competitive advantage through dedicated off-street parking - rare to properties on Clifton Blvd

• Walking distance to Edgewater Park & Beach and Lakewood’s Gold Coast

• Within 10 minutes of Downtown Lakewood, Gordon Square, Ohio City, and Downtown Cleveland

• Within 15 minutes of 3 Major Hospitals – Cleveland Clinic Lakewood Health Center, Cleveland Clinic Fairview Hospital, and MetroHealth Medical Center

Team

Michael Barron

Executive Managing Director
Marcus & Millichap

Daniel Burkons

Executive Managing Director
Marcus & Millichap

Joshua Wintermute

Executive Director
Marcus & Millichap

Charles Gagliano

Senior Vice President Investments
Marcus & Millichap

William Koontz

First Vice President Investments
Marcus & Millichap