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$ 799,999
Est. payment | /mo
0.26 Acres Lot
$ 799,999
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Fodor
MLS Listing ID 5225430
HOA Y/N No
Year Built 1957
Annual Tax Amount $15,661
Tax Year 2025
Lot Size 0.255 Acres
Acres 0.2555
Property Sub-Type Apartment
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.
Location
State OH
County Cuyahoga
Interior
Heating Hot Water, Steam
Fireplace No
Exterior
Parking Features On Site, Paved, Parking Lot
Water Access Desc Public
Roof Type Flat
Total Parking Spaces 14
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 011-24-089
Listed by Antonio Biasiotta • Keller Williams Elevate • AntonioB@KW.com, 440-223-0575
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