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Frank G Zsoka Apartments
11202 Buckeye Rd, Cleveland, OH 44104
Available Now
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FOR SALEMultifamily / Apartments Building
Cap Rate
5.48%
NOI
$51,995
Building Size
16,010SF
Lot Size
0.15Ac
Year Built
1927
Year Renovated
2024
Listing Contacts
More property details
Occupancy
100%
Currently Leased
No
Investment
Stabilized
Property Class
C
No of Buildings
1
No of Stories
3
Units
17
Location
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Frank G Zsoka Apartments
About the location
This fully leased, 17-suite property has been recently renovated and is 100% occupied, presenting a strong investment in an Opportunity Zone. Historical cap rates were 6.63% (2022), 6.25% (2023), 5.48% (2025), and 5.25% for the trailing 12 months, with a projected 10.30% cap rate when adjusted for 8% management and real estate taxes. The building is ideal for Section 8 tenants and benefits from a prime location near new development, shopping, and public transportation within walking distance.