17740 Lake Shore Boulevard, Cleveland, OH 44119

Property Description

This is an outstanding opportunity to acquire a well-maintained apartment building with strong in-place cash flow! This property has 12 units, with four units on each floor, making it an ideal asset for investors seeking a stable, easy-to-manage rental property. Each unit features each one had 1 bed, 1 bath, with spacious living room and functional kitchen. The building has seen several important capital improvements, including a flat rolled roof repaired in 2022 and a central boiler system that was recently serviced and repaired in 2026. The property is also lead-safe certified as of October 2025, providing added peace of mind for ownership. Additional amenities include a secured common entrance with individual mailboxes, dedicated tenant storage areas, paid on-site laundry facilities for supplemental income, off-street parking with one assigned space per unit, and an on-site dumpster for convenient trash service. The unit mix offers a healthy combination of established tenants and value-add potential. Unit 101 was recently taken down to the studs after a water line leak, fully renovated, and leased at $775 per month beginning May 1, 2026. Units 102 and 204 are currently vacant and being marketed, while Unit 104 is scheduled to become available, offering additional flexibility for future rent growth. Several long-term tenants provide dependable income, with multiple leases already achieving rents between $825 and $950 per month. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Conveniently located along Lake Shore Boulevard, this property offers quick access to Interstate 90, Downtown Cleveland, Euclid, Lake Erie, Euclid Beach Park, schools, shopping centers, restaurants, public transportation, and major employment hubs, making it an attractive location for renters. This is an excellent opportunity to add quality to any investment portfolio!