Berkadia is pleased to present the listing for South Hills Apartments, a 61-unit, 1964-vintage apartment community located in the historic Old Brooklyn neighborhood of Cleveland, Ohio.

South Hills offers a classic value-add opportunity, as current ownership has implemented a renovation strategy that has generated attractive rent premiums and demonstrated clear proof of concept. New ownership will have the ability to continue renovating the remaining classic units (~43%) while also realizing increased rents on the already-renovated units. In addition, current ownership has addressed many major capital expenditure items, allowing future ownership to focus capital on higher-return interior and amenity upgrades rather than deferred maintenance.

The Property is ideally situated at the intersection of Broadview Road and Schaaf Road, providing residents with excellent connectivity to Cleveland’s primary employment and lifestyle hubs. I-480 is located just one mile from the Property, allowing residents to reach Downtown Cleveland in approximately 15 minutes, MetroHealth in 10 minutes, Steelyard Commons in 10 minutes, and Cleveland Hopkins International Airport in 14 minutes. South Hills’ combination of a diverse unit mix and highly accessible infill location makes it an appealing choice for a wide variety of renters and supports both current performance and future rent growth.