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1615 Ridgefield Road

Cleveland Heights, OH 44118
  • $710,000
  • STATUS: Active
  • ON SITE: 112 Days
  • MLS #: 5025009
Price Reduced
UPDATED: 120 min ago
$710,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:

School Ratings & Info

School District:
Listing courtesy of Coldwell Banker Schmidt Realty.
Listing information © 2024 YES-MLS.

Description

TURNKEY APARTMENT BUILDING! If you are looking cash producing apartment complex that is over 50% occupied, then look no further! Producing over $3,800 in rent a month right now, at max rental occupancy, you will be looking at over $7,000 a month for a total of over $94,044 GCI at a 12.5% cap rate before expenses! This property features 10 one bed one bath units! Each unit features beautiful new floors, tons of natural lighting and spacious bedrooms! Property management is estimating to have all units tenanted by the end of April. Mechanics are also new including the hot water tanks, boiler system and updated electric throughout the entire complex! All it is missing is its new owner! POS to be ordered upon executed contract and buyer to assume POS violations. Mix and match! This property can be purchased individually wiith 684-03-006, 684-03-033 or all 3 for $2,000,000.Hurry! This property won't last long!

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Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-13T08:08:27.193.
www.kennenrealtors.com/homes/148813716
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1615 Ridgefield Road Cleveland Heights, OH 44118

  • Price: $710,000
  • Status: Active
  • On Site: 112 Days
  • Updated: 120 min ago
  • MLS #: 5025009
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1930
Built
Neighborhood:
Euclid 09
County:
Cuyahoga
Area:
Cleveland Heights
School District:
Cleveland Hts-Univer
Property Description
TURNKEY APARTMENT BUILDING! If you are looking cash producing apartment complex that is over 50% occupied, then look no further! Producing over $3,800 in rent a month right now, at max rental occupancy, you will be looking at over $7,000 a month for a total of over $94,044 GCI at a 12.5% cap rate before expenses! This property features 10 one bed one bath units! Each unit features beautiful new floors, tons of natural lighting and spacious bedrooms! Property management is estimating to have all units tenanted by the end of April. Mechanics are also new including the hot water tanks, boiler system and updated electric throughout the entire complex! All it is missing is its new owner! POS to be ordered upon executed contract and buyer to assume POS violations. Mix and match! This property can be purchased individually wiith 684-03-006, 684-03-033 or all 3 for $2,000,000.Hurry! This property won't last long!
Exterior Features

Attached Garage YN No

Interior Features

Basement YN Yes Cooling None Cooling YN No Heating Hot Water Steam Heating YN Yes Main Level Bathrooms 0

Property Features

Elementary School District Cleveland Hts- Univer - 1810 Middle Or Junior School District Cleveland Hts- Univer - 1810 Property Sub Type Apartment Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 19184 Township Cleveland Heights Water Source Public

Listing information © 2024 YES-MLS.
Listing provided courtesy of Coldwell Banker Schmidt Realty: 440-951-1410.
Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-13T08:08:27.193.
 
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Kennen & Kennen Realtors
2241 Chapline St.
Wheeling WV, 26003
Listing courtesy of Coldwell Banker Schmidt Realty.
Listing information © 2024 YES-MLS.