$750,000 SALE
Commercial-Other
0.14 AC
1615 Ridgefield Road
Cleveland Heights, OH 44118



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!


Property Type Commercial-Other
Year Built 1930
Tax Year 2022
Listing ID VZYYE9
MLS ID 5025009
Style Other Style
Lot Size 0.14 AC
Taxes $19,184
Property Features
Sewer: Public
Heating Type: Steam Heat
Heating - Fuel Type: Hydro Heat
Water: Municipal Water