38
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$525,000
Est. payment /mo
8,263 Sqft Lot
Active
17740 Lake Shore BLVD Cleveland, OH 44119
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision David G Kangessers Dakan 15
MLS Listing ID 5216890
HOA Y/N No
Year Built 1961
Annual Tax Amount $20,818
Tax Year 2025
Lot Size 8,263 Sqft
Acres 0.1897
Property Sub-Type Apartment
Property Description
This is an outstanding opportunity to acquire a well-maintained apartment building with strong in-place cash flow! This property has 12 units, with four units on each floor, making it an ideal asset for investors seeking a stable, easy-to-manage rental property. Each unit features each one had 1 bed, 1 bath, with spacious living room and functional kitchen. The building has seen several important capital improvements, including a flat rolled roof repaired in 2022 and a central boiler system that was recently serviced and repaired in 2026. The property is also lead-safe certified as of October 2025, providing added peace of mind for ownership. Additional amenities include a secured common entrance with individual mailboxes, dedicated tenant storage areas, paid on-site laundry facilities for supplemental income, off-street parking with one assigned space per unit, and an on-site dumpster for convenient trash service. The unit mix offers a healthy combination of established tenants and value-add potential. Unit 101 was recently taken down to the studs after a water line leak, fully renovated, and leased at $775 per month beginning May 1, 2026. Units 102 and 204 are currently vacant and being marketed, while Unit 104 is scheduled to become available, offering additional flexibility for future rent growth. Several long-term tenants provide dependable income, with multiple leases already achieving rents between $825 and $950 per month. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Conveniently located along Lake Shore Boulevard, this property offers quick access to Interstate 90, Downtown Cleveland, Euclid, Lake Erie, Euclid Beach Park, schools, shopping centers, restaurants, public transportation, and major employment hubs, making it an attractive location for renters. This is an excellent opportunity to add quality to any investment portfolio!
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Hot Water, Steam
Fireplace No
Exterior
Parking Features Parking Lot
Water Access Desc Public
Roof Type Flat
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 113-06-001
Acceptable Financing Conventional, Other
Listing Terms Conventional, Other
Listed by Michael Azzam • RE/MAX Haven Realty • mike@theazzamgroup.com, 216-446-7606
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