2980 Moreland BlvdCleveland, OH 44120

This well-maintained, three-story apartment building in Cleveland, Ohio presents a compelling investment opportunity. Built in 1920 and extensively renovated in 2020 and 2021, the property boasts 11,800 square feet of net rentable space across ten oversized one-bedroom units. Each unit features modern finishes, complementing the classic turn-of-the-century brick Victorian architecture. The property sits on a 0.02-acre lot and is zoned MF. Currently generating over $128,000 in annual gross income ($975 per unit), with tenants responsible for all utilities except water/sewer, this building offers a strong 8.00% cap rate and a price per unit of $110,000. The asking price is $1,100,000, translating to $93.22 per square foot. One additional parking pad is included. This property represents a solid cash-flowing investment with potential for future rent increases. The building's location in Cleveland, Cuyahoga County, Ohio (zip code 44120) provides convenient access to local amenities and transportation. This is an ideal investment-sized multifamily property with significant upside potential.