Cushman & Wakefield | CRESCO Real Estate is pleased to present this Offering Memorandum for 751 Starkweather, a 4-unit multifamily property located at 751 Starkweather Avenue in Cleveland, Ohio.
751 Starkweather Avenue is a mixed-use building on a 0.05-acre lot in Tremont, directly next door to St. Theodosius Orthodox Cathedral. It pairs a renovated ground-floor storefront with apartments. A buyer can keep the leases in place for multiple income streams, or occupy the storefront and let the residential rents carry the debt. Recent asking rents ran $1,100 to $1,200 for the two-bedroom units and $1,195 for the studio. All units are rented well under the market average, so there’s room to move rents at turnover. Tremont sits just south of downtown along the Cuyahoga River, with I-90, I-490 and I-71 a few minutes away. The building is around the corner from the restaurants and shops on Professor Avenue and carries a Walk Score of 82. Tri-C’s Metropolitan Campus is 2.5 miles away, and Cleveland Hopkins is about 22 minutes by car.
Investment Property
Active
751 Starkweather Avenue
751 Starkweather Avenue, Cleveland, OH 44113 United States
Building Size
3,360 SF
Lot Size
.05 Acres
Construction Status
Existing
Built
1900
Building Size
3,360 SF
Lot Size
.05 Acres
Construction Status
Existing
OVERVIEW
CONTACT
Details
- Building Size:
- 3,360 SF
- Sale Price:
- Contact us for pricing
- Lot Size:
- .05 Acres
- Construction Status:
- Existing
- Year Built:
- 1900
LOCATION
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