2812 E 130th St

$1,000,000, .16 Acres

About This Property

The Shakerwood Apartments offer an investor the opportunity to own a historically strong property in a popular location. Consisting of 21 one bedroom and efficiency suites, the property sits on the border of Cleveland and Shaker Heights in the Shaker Square neighborhood. A new owner should be able to realize a significant increase in cash flow by bringing all rents to market rate. The property provides each tenant with underground heated garage parking and an intercom and buzzer entry system. Tenants are walking distance to the shopping and popular dining spots at Shaker Square and steps away from public transportation. The Shakerwood Apartments are offered at a below market price when compared to properties of similar condition that have sold in the Shaker Square neighborhood in recent years. Located on the border of Shaker Heights and Cleveland, Shaker Square provides residents with convenient access to the Eastern Suburbs, Downtown Cleveland, and University Circle. Residents are steps away from two light-rail Rapid Transit lines that stop at the Square which offer fast transportation to downtown Cleveland, the waterfront and Cleveland - Hopkins airport. In addition, resident are just a short car or bus ride to the museums, hospitals, and institutions at University Circle. Most recently, Shaker Square has undergone major facelifts providing residents with access to fine restaurants and upscale shops.

Essential Information

MLS® #4059782
Price$1,000,000
Acres0.16
Year Built1956
TypeCommercial
Sub-TypeApartment
StatusActive

Community Information

Address2812 E 130th St
SubdivisionKuster Estates
CityCleveland
CountyCuyahoga
StateOH
Zip Code44120

Area

Cleveland City (Shaker Heights SD)

Amenities

ParkingStreet/Public

Interior

HeatingHot Water/Steam, Radiators

Exterior

RoofFlat

Lot Description

Park, Public Transport, Strip Mall, Urban

Additional Information

Date ListedDecember 24th, 2018
Days on Market148

Listing Details

Courtesy Of:Cleveland Suburban Homes

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The data relating to real estate for sale on this Web site comes in part from the Internet Data Exchange program of NORMLS. Real estate listings held by brokerage firms other than Keller Williams Greater Cleveland are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).

Information Deemed Reliable But Not Guaranteed.

Listing information last updated on May 22nd, 2019 at 12:15am CDT.

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