The Gordon Square Six Apt. Complex 1327 W 67th St 6 Unit Apartment Building $780,192 CAD ($130,032 CAD/Unit) 8.40% Cap Rate Cleveland, OH 44102

Green Bridge Real Estate is pleased to exclusively present the Gordon Square Six Apartment Complex, a premier multi-family investment opportunity situated in the heart of Cleveland’s highly desirable, A-class Detroit-Shoreway / Gordon Square Arts District. Located at 1327 West 67th Street, this turn-key asset provides an exceptional blend of immediate cash flow, low-overhead management, and substantial value-add potential in one of the region's fastest-appreciating submarkets.

Investment Highlights
• Strong Financial Performance: Offered at $565,000 ($94,166 per unit), generating a current Net Operating Income (NOI) of $47,463 and an impressive 8.4% capitalization rate.
• 100% Occupancy with Revenue Upside: Fully occupied on below-market leases, providing a clear path to organic revenue growth through transition to market-rate rents.
• Extensively Renovated Asset: Originally constructed in 1900 and completely renovated in 2025, significantly minimizing near-term capital expenditure requirements. Recent upgrades include a cosmetic refresh across all units and a newer roof on the front building.
• Favorable Utility Structure: Tenants pay individual electric and gas (heat), limiting landlord expenses strictly to water and sewer utilities.
• Unrivaled Micro-Location: Positioned in a high-demand, walkable neighborhood celebrated for its rapid retail, culinary, and cultural growth. Residents enjoy seamless access to Edgewater Beach, local public transit lines, and Interstate 90.
• Additional Monetization Pathway: Opportunity to capture immediate ancillary income by converting the existing free laundry facilities into a coin-operated system.
Property Configuration
The property is situated on a low-maintenance .09-acre parcel and features two distinct buildings totaling approximately 4,502 square feet:
• Front Building (±3,358 Sq. Ft.): Comprises three (3) spacious 2-Bedroom, 1-Bathroom units and one (1) efficient Studio apartment.
• Rear Building (±1,144 Sq. Ft.): Comprises two (2) private 2-Bedroom, 1-Bathroom units.
Each of the six individual units is fully equipped with a furnished kitchen, central air conditioning, and an individually controlled forced-air furnace to maximize tenant comfort and retention.
Take advantage of escalating rental demand in the Detroit-Shoreway corridor. This stabilized, low-maintenance asset is positioned perfectly for long-term equity growth and reliable yield.