SELLER FINANCING AVAILABLE! THE GORDON SQUARE WESTSIDE APARTMENTS IN CLEVELAND, OH! Listing Details & Market Data

1942 W 73rd St, Cleveland, OH 44102

  • For Sale $1,030,000
  • Property Type Multi-Family
  • Property Size 9,375 SF
  • Units 9
  • Lot Size 0.73 Acre
  • Parking Spaces Avail. 25
  • Property Tenancy Multi-Tenant
  • Year Built 1912
  • Year Renovated 2023
  • Date Updated Apr 8, 2024
SELLER FINANCING OPPORTUNITY IN WEST CLEAVELAND!

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Highlights

  • 9-UNIT MULTIFAMILY PORTFOLIO IN CLEVELAND, OHIO!
  • LARGE UNITS WITH EXTREMELY UNDERMARKET RENTAL RATES IN PLACE!
  • LOCATED IN THE FAMOUS GORDON SQUARE ARTS DISTRICT!
  • ONLY A FEW MILES FROM DOWNTOWN, THIS AREA HAS SEEN TREMENDOUS GROWTH IN THE PAST 5 YEARS!
  • AMAZING SELLER FINANCING AVAILABLE! APPROX TERMS: $400,000 DOWN, 6% FIXED IR, INTEREST-ONLY PAYMENTS, 5-YEAR BALLOON!
  • MONTHLY DEBT SERVICE AS LOW AS $3,150!
  • 17% CASH-ON-CASH RETURN BY 2025!
  • 10.3% CAP RATE BY 2025!
  • ALL UNITS HAVE BEEN RECENTLY UPDATED AND ARE IN FANTASTIC CONDITION!
  • AMPLE PARKING FOR TEANNTS AND GUESTS!

Contacts

broker

David Rosenthal

Grimaldi Commercial Realty Corp.

(813) 882-0884

Location

Getting Around

  • Walk Score ®

    Very Walkable (74)

  • Transit Score ®

    Good Transit (54)

  • Bike Score ®

    Bikeable (65)
Powered by Walk Score ®
  • City Cleveland, OH
  • Neighborhood Detroit-Shoreway
  • Zip Code 44102
  • Market Cleveland Akron

Points of Interest

  • West 65th–Lorain (Eco-Village)

    0.39 miles

  • West Boulevard–Cudell

    0.92 miles

  • West 117th–Madison

    1.76 miles

  • West 25th–Ohio City

    1.80 miles

  • Flats East Bank

    2.16 miles

  • Settlers Landing

    2.16 miles

  • Tower City

    2.47 miles

  • West 3rd

    2.55 miles

  • Cleveland

    2.72 miles

  • Triskett

    2.73 miles

  • Express Gas

    0.27 miles

  • Hanini Petroleum

    0.40 miles

  • Gulf

    0.83 miles

  • Sunoco

    1.21 miles

  • Ohio City Gas

    1.28 miles

  • BP

    1.37 miles

  • Shell

    1.77 miles

  • Shell

    1.85 miles

  • Get Go

    1.91 miles

  • BP

    2.06 miles

  • Cudell Station Parking

    0.99 miles

  • St. Ignatius Parking

    1.56 miles

  • West Side Market Parking

    1.73 miles

  • Merwin's Wharf Parking Lot

    1.88 miles

  • Toomey

    2.36 miles

  • View Garage

    2.37 miles

  • Ontario Street Parking Garage

    2.61 miles

  • Collection Auto Group Centre

    2.62 miles

  • 515 Garage

    2.77 miles

  • Triskett RTA Parking

    2.80 miles

  • McDonald's

    0.27 miles

  • Local West

    0.27 miles

  • Frank's Falafel House

    0.33 miles

  • Subway

    0.35 miles

  • Georgio's

    0.36 miles

  • Nunzio's Pizzeria

    0.38 miles

  • Luxe

    0.39 miles

  • Ricon Criollo

    0.42 miles

  • Blue Habanero Street Tacos and Tequila

    0.45 miles

  • Villa Y Zapata

    0.45 miles

  • Watterson-Lake Elementary School

    0.18 miles

  • Joseph M Gallagher School

    0.25 miles

  • Our Lady of Mount Carmel School

    0.39 miles

  • H Barbara Booker School

    0.45 miles

  • Metro Catholic Parish School

    0.55 miles

  • Waverly School

    0.58 miles

  • Max Hayes High School

    0.66 miles

  • Madison Community Elementary

    0.69 miles

  • Urban Community School

    0.77 miles

  • The Halle School of Inquiry

    0.78 miles

  • Apple of My Eye Child Care Center

    0.46 miles

  • Little Footsteps

    0.59 miles

  • Little Footsteps

    0.81 miles

  • The Magical World Child Care and Learning Center

    0.84 miles

  • The Children's Palace Learning Center

    1.09 miles

  • Tiny Heroes Childcare

    1.16 miles

  • Almira Early Learning Center

    1.43 miles

  • A Step Above Childcare

    1.46 miles

  • Kiddie Kastle Child Care

    1.71 miles

  • Heart to Heart Enrichment Center

    1.94 miles

Contact Listing Broker

broker

David Rosenthal

Grimaldi Commercial Realty Corp.

(813) 882-0884