Rare Investment Opportunity in Lakewoodâ€™s Prestigious Gold Coast Submarket! Seize the chance to acquire a 75-unit portfolio in Clevelandâ€™s highly coveted Lakewood Gold Coast. This portfolio features two well-maintained properties on Clifton Blvd: The Traymore, offering 29 spacious two-bedroom units, and Clifton Cove, with 46 one-bedroom units. With 75-80% of units already renovated and $1.2M in recent capital improvements since 2022, the properties boast stability and minimal immediate work required. Based on the current rent roll and normalized expenses, the portfolio delivers an impressive 8.3% cap rate with a clear roadmap to achieve double-digit returns. Currently at 92% occupancy, investors can enjoy strong cash flow from day one, with additional value-add potential through cosmetic updates and rent optimization. Situated in one of Clevelandâ€™s top-performing rental markets, this portfolio is a prime opportunity to secure high returns in a desirable, high-demand location.

Based on information submitted to MLS Now as of May 13, 2025 5:26 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 12511 Clifton Boulevard

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