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.
Discover this remarkable 41 unit portfolio located in the highly sought-after Cleveland Heights neighborhood. The portfolio is made up of 2 brick apartment buildings in close proximity to one another. Enjoy seamless access to downtown Cleveland, major healthcare centers like CLE Clinic Main Campus and University Hospital Main Campus as well as educational institutions like Case Western Reserve University and Cleveland Institute of Music. The portfolio is situated just steps away from live music venues, vibrant bars, restaurants and shopping destinations. The location makes them ideal rental options for young professionals, undergrad/graduate students, medical professionals, as well as tenants looking for an affordable and convenient living option on Cleveland’s vibrant east side. Currently grossing $27,725 per month in rental income with lots of upside, these assets are primed for a major value-add opportunity! Each unit has separate electric meters, with tenants responsible for their own electric bills. The boiler & water/sewer are the responsibility of the owner. Through light cosmetic updates, potentially renting to some voucher holding tenants, and implementing additional fee structures and water savings plan, an investor is poised to create significant equity. Many units boast beautiful natural hardwood floors, adding charm and appeal. A number of units have seen cosmetic updates during current ownership including, paint, lighting, kitchen and bath updates. In general, the portfolio will benefit from additional, easy cosmetic updating on the remaining majority of units to fetch rental premiums or a buyer can opt to simplify their unit turns and rent to voucher holding tenants as a way to reduce out of pocket costs. In addition, new mechanicals, roof sealing, and other capital expenditures have been taken on by ownership in the last few years.
Commercial office space in the South Euclid Commercial District. Zoning use General Retail. Currently being occupied by a single tenant, since 2021. Two floors of finished office space with finished basement. Perfect for owner user. Ability to sublease individual rooms/offices, as did previous owner user. 8 off street parking spaces in the back. 1st floor has 2 separated offices. 2nd floor has a 4 separate offices with 6 rooms. Lower level has one large conference room/office. 5 total half bathrooms, 1 in lower level, 2 on the first floors and 2 on the second floor. Seperately metered electrical, lower, 1st, and 2nd. One gas meter for whole building. Flat roof. Building Sold AS IS. Currently Tenant occupied. Call for your private tour.
Amazing opportunity to add NINE well maintained rental properties to your portfolio! All nine properties are single family homes located in eastside Cleveland suburbs. All but one home occupied with renal rates close to $12,000/month and room to grow. Package includes 31 total bedrooms and 14 total bathrooms. Addresses included in this package are listed below. Hurry to take advantage of this very rare opportunity to add seven beautiful properties to your network! Properties: Raymont Blvd. 3554 - AP - 3554 Raymont Blvd University Heights, OH 44118-2604 Rushleigh 1033 - AP - 1033 Rushleigh Cleveland Heights, OH 44121-1445 Parkhill 1462 - AP - 1462 Parkhill Rd Cleveland Heights, OH 44121-1738 Silsby 3397 - AP - 3397 Silsby Rd Cleveland Heights, OH 44118-2936 Monticello Blvd. 3741 - AP - 3741 Monticello Blvd Cleveland Heights, OH 44121-1811 Lowell 3780 - AP - 3780 Lowell Rd Cleveland Heights, OH 44121-2048 Skyline 1883 - AP - 1883 Skyline Dr Richmond Heights, OH 44143-1224 Drakefield 26460 - AP - 26460 Drakefield Avenue Euclid, OH 44132 E 208 St 144 - AP - 144 E 208 St Euclid, OH 44123-1016
The median home value in Cleveland, OH is $148,800. This is lower 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, OH is $148,800. Approximately 72.33% of Cleveland homes are owned, compared to 20.97% rented, while 6.7% are vacant. Cleveland 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 real estate agent to arrange a tour today!
Cleveland, Ohio 44121 has a population of 21,882. Cleveland 44121 is less family-centric than the surrounding county with 20.57% 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, Ohio 44121 is $67,619. 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 44121 is 36.6 years.
The average high temperature in July is 81.9 degrees, with an average low temperature in January of 21.1 degrees. The average rainfall is approximately 38.8 inches per year, with 73.2 inches of snow per year.