Shaker Hall Apartments

Highlights:

• 103 Units in one of the area's most popular submarkets
• Over $700,000 in Capital Improvements over last two years
• 95% Occupancy
• Located in Cleveland's Shaker Square Neighborhood
• Blocks from Neighborhood Restaurants, Shops, and Parks
• Immediate Access to Downtown, University Circle, and Major Employers by Car or Public Transportation

Description:

Shaker Hall consists of 103 units in Cleveland's Historic Shaker Square Neighborhood. Shaker Square is one of the area's most walkable neighborhoods with public transportation, shopping, dining, and public parks just a few blocks away. The property has recently undergone extensive capital repairs, including upgrades to suites and common areas, elevator upgrades, and roof updates. Shaker Hall is a seven-story elevator building with garage parking and coin laundry. Owner pays for gas heat, electric, water and sewer utilities. Opportunity exists for a new investor to continue updating suites and bringing rents to market while enjoying above market cash flow in a popular rental market.

Shaker Hall is located in the historic Shaker Square neighborhood of Cleveland. Tenants are walking distance to the shops, dining, and nightlife of the neighborhood, as well as steps from public transportation (bus and light rail). The property is well located minutes away from major employers and institutions in University Circle, Downtown Cleveland, and the Eastern Suburbs.

The owner pays gas, electric, water and sewer. Tenants pay telephone and cable.