Property Description

Exceptional opportunity to acquire a very well-maintained and sought after 11-unit multifamily property in Cleveland's growing rental market. Located at 2115 Silverdale Avenue, Cleveland, OH 44109, this asset features an attractive unit mix of 8 studio apartments and 3 one-bedroom, one-bathroom units, offering strong occupancy and rental income. The property has benefited from extensive capital improvements over the past several years, allowing a new owner to enjoy immediate cash flow while still capturing meaningful upside. Residents appreciate on-site parking, basement laundry facilities, and numerous interior updates throughout the building. The property has benefited from substantial capital improvements, including Lead-Safe Certification, a repaved parking lot, a high-efficiency 120-gallon water heater, a security camera surveillance system, a rebuilt boiler system with updated plumbing, double-pane replacement windows installed approximately five years ago, a new commercial-grade washer, electric water heaters, and upgraded exterior parking lot lighting. These improvements help minimize deferred maintenance while enhancing the property's long-term operational efficiency and appeal. Whether you're looking to expand your multifamily portfolio or acquire a stabilized asset with value-add potential, 2115 Silverdale Avenue offers an attractive combination of immediate income, proven capital improvements, and long-term upside in one of Cleveland's established rental corridors. Offering memorandum available upon request.

Property Features

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