2812 E 130th Street
$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.
Cleveland City (Shaker Heights SD)
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Listing information last updated on June 10th, 2019 at 3:00pm CDT.