Contacts
Charles Gagliano
Marcus & Millichap
(216) 264-2022
William Koontz
Marcus & Millichap
(216) 264-2010
Michael Barron
Marcus & Millichap
(216) 264-2016
Joshua Wintermute
Marcus & Millichap
(216) 264-2028
Daniel Burkons
Marcus & Millichap
(216) 264-2018
Property Details
- Property Type Other
- Year Built 1900
- Date Updated Apr 26, 2024
- Website 11483hessler.sharplaunch.com
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Highlights
- Owned and managed by a local, private investor since 1975
- Extremely rare opportunity to acquire 15 units located in the epicenter of University Circle - one of Ohios largest education / employment hubs and Clevelands highest rental demand submarket
- 7 of 15 units have been recently renovated and are achieving renovation premiums of $220+
- +/- $22,500 potential annual revenue growth through renovating the 8 original units
- Additional upside through billing back utilities (Water/Sewer and Gas)
- 6 minute walk (0.3 miles) to Case Western Reserve University
Getting around
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Location
- City Cleveland, OH
- Neighborhood Central Cleveland
- Zip Code 44106
- Market Cleveland Akron
Points of Interest
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Tri-C–Campus District
1.13 miles
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East 55th
1.53 miles
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South Harbor
1.61 miles
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East 79th
1.70 miles
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Tower City
1.84 miles
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East 9th–North Coast
1.86 miles
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Cleveland
1.96 miles
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West 3rd
2.10 miles
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Settlers Landing
2.20 miles
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East 105th–Quincy
2.29 miles
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Shell Gas Station
0.44 miles
-
BP
0.58 miles
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Quincy Gas
0.61 miles
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Sunoco
0.77 miles
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BP
0.94 miles
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Marathon
0.99 miles
-
Marathon
1.02 miles
-
Shell
1.10 miles
-
hp
1.11 miles
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Valero
1.16 miles
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Children’s Museum of Cleveland
0.16 miles
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Dealer Tire LLC Parking
0.26 miles
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CSU Lot AA
0.45 miles
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East Garage
0.64 miles
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ATTC parking
0.81 miles
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South Garage
0.86 miles
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Central Garage
0.96 miles
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West Garage
1.11 miles
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PlayhouseSquare Parking
1.22 miles
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The Halle Garage
1.29 miles
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Tru by Hilton
0.90 miles
-
Comfort Inn
1.02 miles
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The Lancer
1.23 miles
-
Hilton Garden Inn
1.24 miles
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Crown Plaza Cleveland at Playhouse Square
1.28 miles
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Metropolitan at The 9, Autograph Collection
1.43 miles
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The Kimpton Schofield Hotel
1.46 miles
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Hotel Indigo Cleveland Downtown, an IHG Hotel
1.52 miles
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Holiday Inn Express
1.56 miles
-
Hampton Inn Cleveland Downtown
1.57 miles
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Dave's
0.64 miles
-
Dave's
0.68 miles
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ALDI
1.15 miles
-
Simon's
1.36 miles
-
Heinen's
1.43 miles
-
Save-A-Lot
1.57 miles
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5th Street Arcades
1.59 miles
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Galleria at Erieview
1.62 miles
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CGX
1.73 miles
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Coast Guard Exchange
1.84 miles
In-Depth Research Available for this Property
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