Cleveland Heights OH Commercial for Sale
- Type:
- Apartment
- Sq.Ft.:
- 9,897
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.24 Acres
- Year built:
- 1958
- Baths:
- MLS#:
- 5091488
- Subdivision:
- J L Free Land Cos Crown Point
ADDITIONAL INFORMATION
FANTASTIC 7 UNIT BRICK APARTMENT BUILDING! This spectacular building offers 7 units ALL with 2 spacious bedrooms, open layout dining and living room areas, long hallways with plenty of closet space, fully renovated kitchen and fully renovated bathroom! ALL units also have newly done laminate flooring, interior paint, blinds, newer refrigerator and stove, light fixtures, doors/refinished doors, and renovated kitchens (Some with quartz countertops) and fully renovated baths with new vanity/lights/tile flooring, wall AC unit in each unit and more! Four of the 7 units facing the back side of building include oversized, outdoor patio areas off of living room! Each unit has its own indoor garage space for parking and assigned storage unit within laundry room area! Coin laundry units stay! ALL units are fully occupied with above market rent tenants (Section 8, all Sec.8 approved/passed) that pay their own gas/electric. Total current gross sec8 rents: $8,372.00 Corner Lot! 7 indoor garage spaces plus 6-7 exterior parking lot spaces on well maintained asphalt parking lot! Nicely kept Front and back entrances with laminate flooring, newer paint, light fixtures and more! Newer Roof and newly seal coated! Three brand new furnaces, three 8-10 year furnaces and one original furnace, ALL on and in good working order! Separate gas and electric meters! POS compliant! Minutes from restaurants, shopping, parks, hospitals, schools, freeway access, public transportation and more! This will not last long! No seller financing, no showings until contract- contact me today with questions.
- Type:
- Apartment
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1952
- Baths:
- MLS#:
- 5083791
- Subdivision:
- Summit Park
ADDITIONAL INFORMATION
Great income producing 7 unit building in excellent condition. This building has been well maintained and currently bringing in $5,600/Mo with one vacancy at $900 per unit (1 bed 1 bath) and $1,100 for another unit (2 Bed 1 Bath). Potential rent increase yields $7,750. This building consists of 5 - 1 bed 1 bath units and 2 - 2 beds 1 bath units. See attached building finical summary for more information.
- Type:
- Apartment
- Sq.Ft.:
- 13,104
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.44 Acres
- Year built:
- 1958
- Baths:
- MLS#:
- 5068639
ADDITIONAL INFORMATION
This impressive 11-unit all brick two story building boasts a steady 90% or better occupancy rate; currently, we are fully occupied. All units have their furnace (in-unit), and a/c units are on the roof. The exception is #10, which has a furnace in the laundry room, two hot water heaters in the laundry supply of the building, and onsite laundry for eight two-bedroom and three one-bedroom apartments. A new roof was installed in 2013, and all new windows, except for two units, were installed in 2016. This property is 100% pet and smoke-free. Nestled at the top of Murray Hill near the charming Little Italy neighborhood, this well-maintained two-story, all-brick building with no basement is a solid investment. The spacious lot includes a detached all-brick carport with space for approximately 30 vehicles and ample street parking. While the apartments could benefit from some cosmetic updates, doing so can increase rental rates and a higher return on investment, making it a promising opportunity to enhance the property's value.
- Type:
- Apartment
- Sq.Ft.:
- 14,188
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- 5050684
- Subdivision:
- Euclid Heights Allotment
ADDITIONAL INFORMATION
Discover this remarkable 8-unit brick apartment building located in the heart of Coventry Village, within the highly sought-after Cleveland Heights neighborhood. Enjoy seamless access to major healthcare centers like Cleveland Clinic Main Campus (8-minute drive) and University Hospital Main Campus (6-minute drive) as well as educational institutions like Case Western Reserve (4-minute drive), Notre Dame College (11-minute drive), and John Carroll University (12-minute drive). In addition, this 8-unit property is situated just steps away from live music venues, vibrant bars, delectable restaurants, and eclectic shopping destinations. This ideal, prime location makes it very desirable for tenants of all backgrounds from medical students, doctors, college students and those interested in great nightlife. This fully occupied property is currently generating an impressive $10,085 per month, with a proforma potential of $13,000 per month. Each unit has separate electric meters, with tenants responsible for their own electric bills and the boiler & water/sewer being the responsibility of the owner. All units boast beautiful natural hardwood floors throughout, adding charm and appeal, and large windows flood the spaces with natural light, creating a bright and inviting atmosphere. The property includes six covered garage spots, providing convenient and secure parking for tenants. Some units have undergone updates, including refinished hardwood floors, modern paint, and upgraded bathrooms and kitchens. With additional simple cosmetic upgrades, you can easily reach the proforma rent of $13,000 per month. Take advantage of this rare investment opportunity in one of Cleveland Heights' most desirable areas!
- Type:
- Apartment
- Sq.Ft.:
- 14,420
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- 5050612
- Subdivision:
- Euclid Heights
ADDITIONAL INFORMATION
Introducing a 7-unit brick building investment opportunity nestled in the coveted heart of Coventry in Cleveland Heights – a rare gem in an ideal, prime location. Boasting proximity to educational institutions like Case Western Reserve (4-minute drive) and Notre Dame College (11-minute drive), and John Carroll University (12-minute drive), as well as quick access to major healthcare centers – a mere 8-minute drive to Cleveland Clinic Main Campus and 6-minute drive to University Hospital Main Campus. Not to mention, the property is situated just steps away from live music venues, vibrant bars, delectable restaurants, and eclectic shopping destinations. This 7-unit is strategically positioned for success no matter which way you look! Fully occupied, this property currently generates $9,990 per month, with a proforma potential of $11,050 per month. The extremely large units feature beautiful hardwood floors throughout, spacious kitchens with peninsula islands, and the convenience of in-suite laundry—an amenity highly sought after by tenants. Some units have already been updated with refinished hardwood floors, modern paint, and upgraded bathrooms and kitchens. To achieve the proforma numbers, all a new owner needs to do are some cosmetic upgrades to one unit and raise the rents on lease renewals for the remaining units. Each unit has separate electric meters, with tenants responsible for their own electric bills, while the boiler and water/sewer is paid by the owner. Additionally, the property includes five garage spaces, providing secure and convenient parking for tenants. Take advantage of this opportunity to invest in one of Cleveland's most dynamic neighborhoods, with immediate income and additional upside potential!
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Cleveland Heights Real Estate
The median home value in Cleveland Heights, OH is $202,280. This is higher than the county median home value of $177,200. The national median home value is $338,100. The average price of homes sold in Cleveland Heights, OH is $202,280. Approximately 51.45% of Cleveland Heights homes are owned, compared to 38.33% rented, while 10.22% are vacant. Cleveland Heights real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cleveland Heights real estate agent to arrange a tour today!
Cleveland Heights, Ohio has a population of 45,267. Cleveland Heights is less family-centric than the surrounding county with 20.55% of the households containing married families with children. The county average for households married with children is 23.83%.
The median household income in Cleveland Heights, Ohio is $62,823. The median household income for the surrounding county is $55,109 compared to the national median of $69,021. The median age of people living in Cleveland Heights is 36.5 years.
Cleveland Heights Weather
The average high temperature in July is 81.9 degrees, with an average low temperature in January of 21.5 degrees. The average rainfall is approximately 38.3 inches per year, with 67.8 inches of snow per year.