$68.02 Per Sq Foot $5,180 est/mo Sourced by Back At You

2729 Euclid Heights Boulevard,Cleveland Heights, OH 44106

Cleveland Heights OH, 44106

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Description

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 $9,980 per month, with a proforma potential of nearly $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 nearly $13,000 per month. Take advantage of this rare investment opportunity in one of Cleveland Heights' most desirable areas!

Details

MLS#5050684
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1920
Days On Site15
Listing Provided ByRussell Real Estate Services | Tal Tamir

Features

SQ Feet14,188
BasementY
Story(s)4
Units8
Building(s)1
Acreage0.20

Market Activity 44106

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Learn More About This Property

StateOH
CountyCuyahoga
CityCleveland Heights
Zip Code44106
Community NameEuclid Heights Allotment
Listing VS Median (in Euclid Heights Allotment)
Price:
$965,000
low | high
Med:
$406,950
100% of Average
SqFt:
14,188
low | high
Med:
3,755
100% of Average
$ / SqFt:
$68
low | high
Med:
$114
18.167445856982% of Average
On Site:
15
low | high
Med:
125.500000
11.95219123506% of Average
Sourced by Back At You
Listing Updated: July 17, 2024 at 4:49:13 PM PDT