24570 Lake Shore BlvdEuclid, OH 44123

For Sale
Call for price

Value-add multifamily investment opportunity in Euclid, OH.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a portfolio of two multifamily properties, collectively known as Euclid Crossings, located in Euclid, Ohio, within Cuyahoga County. The portfolio comprises 165 units spread across eleven buildings, each three stories high, totaling 115,750 square feet. Constructed between 1943 and 1950, these Class C apartment buildings are situated at 24570 Lakeshore Blvd and 415 E 222nd St, both in the 44123 zip code. The properties are zoned U3-Apartment House District and are offered as a fee simple ownership. Currently boasting a 93% occupancy rate and a 6.00% cap rate, this value-add investment presents significant potential for increased returns. The properties are classified as a multifamily investment of the value-add type. This is a rare opportunity to acquire a substantial multifamily portfolio in a desirable location. The properties can be purchased individually or as a complete portfolio. Further details and access to a data room are available.

Highlights

  • Euclid, Ohio multifamily portfolio investment opportunity: 165 units across 11 three-story buildings totaling 115,750 square feet.
  • Located at 24570 Lakeshore Blvd and 415 E 222nd St, Euclid, OH 44123.
  • Class C buildings, constructed 1943-1950, zoned U3-Apartment House District; fee simple ownership.
  • Currently 93% occupied, offering a 6.00% cap rate with value-add potential.
  • Properties available for purchase individually or as a portfolio; data room available at www.cbreEuclidCrossings.com.

Property Details for 24570 Lake Shore Blvd

Property type
Multifamily properties, Apartment buildings
Square Feet
115,750 SF
Class
C
Year Built
1943
Buildings
11
Stories
3
Units
165

Location Insight

City
Euclid
County
Cuyahoga
State
Ohio
Latitude
41.6164423
Longitude
-81.512172
24570 Lake Shore Blvd, Euclid, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
24570 Lake Shore Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message