Don’t miss this opportunity to add a beautifully updated and well maintained 8-unit apartment building to your portfolio. 2502 Noble Rd includes six 2 bedroom, 1 bath units and two 1 bedroom, 1 bath units with an additional half bath in the basement. Perfectly situated in Cleveland Heights, this property offers convenient access to downtown Cleveland, world-renowned hospitals, shops, restaurants, parks, and more—an ideal location for tenants and a smart move for investors. This fully occupied building is loaded with updates, ensuring low maintenance for years to come. Each unit boasts modern upgrades, including new flooring, updated kitchens with sleek appliances, plumbing upgrades, electrical upgrades and fresh carpeting throughout. Additionally, significant building improvements such as a new roof, windows, furnaces, and more enhance the property’s value and appeal. The property also includes 8 covered garage parking spots with additional parking in the rear. With a stable rent roll and detailed property updates, this turn-key investment is ready for a new owner to step in and reap the rewards. Schedule your showing today and secure this excellent opportunity to grow your portfolio!
This 19-unit brick building in Cleveland Heights offers an excellent investment opportunity, featuring 16 one-bedroom units and 3 two-bedroom units in a fully secured building. Recent upgrades make this property turn-key and ready for new ownership. The building boasts a brand new boiler with a 10-year warranty, secondary heat sources installed in each unit, updated main and unit electrical panels. Additional revenue comes from a secure detached parking garage and a coin-operated laundry facility, adding to its appeal. A new intercom system enhances tenant safety, and the property is point of sale compliant, requiring no further work before transfer. With many units updated and significant capital improvements already completed, this building provides a low-maintenance, high-potential investment in a desirable Cleveland Heights location. Ideal for investors looking to expand their portfolio and add value with increasing rents up to market. This property is positioned for strong returns and consistent cash flow. Don’t miss this opportunity!
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.
For sale is a 12 property portfolio grossing $233,436 in rent and 11 of 12 properties are occupied. This portfolio will gross $253,776/year once the last property is leased! All properties will be point of sale compliant when sold to the new owner. Please contact the listing agent for financials and questions. See below list of properties and rent amount; 1290 Forest Hills Blvd. Cleveland Heights-$2453/month 1135 Quilliams Rd. Cleveland Heights-$1800/month 1148 Oxford Rd. Cleveland Heights- $1100/month 1195 Piermont Rd. South Euclid- $1500/month 3977 Suffolk Rd. South Euclid- $1500/month 1378 Brookline Rd. South Euclid- $1700/month 1877 Maywood Rd. South Euclid- $1800/month 1439 Clearview Rd. Lyndhurst-$1800/month 3987 Lancaster Rd. South Euclid-$1900/month 3832 Eastway Rd. South Euclid-$2100/month, 4202 Bayard Rd. South Euclid-$1800/month, 142 S. Green Rd. South Euclid-$1695/month (marketed for rent)
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!
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!
Cleveland Heights is located in Ohio. 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.
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.
