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1020 Kenilworth Ave 6 Unit Apartment Building For Sale Cleveland, OH 44113

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Executive Summary

Cushman & Wakefield | CRESCO Real Estate is pleased to present this Offering Memorandum for 1020 Kenilworth Avenue, a 6-unit multifamily property located in Tremont, just outside of downtown Cleveland, Ohio. This offering presents a rare opportunity to acquire a newly renovated, turnkey, multifamily investment in the heart of Tremont, one of Cleveland’s most sought-after urban neighborhoods. The property consists of six well-maintained residential apartments providing a stable income stream. Significant capital improvements along with strong local ownership and management provides investors a unique opportunity to purchase a like-new asset in a historic market. Positioned just steps from Tremont’s Lincoln Park, premier restaurants, entertainment, and outdoor amenities, the property offers immediate cash flow with long-term appreciation potential.

1020 Kenilworth Avenue OM

Property Facts

Sale Type	Investment	Building Size	4,770 SF
No. Units	6	Average Occupancy	100%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built	1885
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.15 AC

Sale Type	Investment
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.15 AC
Building Size	4,770 SF
Average Occupancy	100%
No. Stories	2
Year Built	1885
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.