Fantastic opportunity in Historic Shaker Square! Welcome to this 28-unit solid brick construction with many updates! Newer boiler within last 2 years, freshly painted and very well maintained. Currently with an on-site manager who may be willing to stay after title transfer. 3016 South Moreland offers 28 spacious 1 bedroom 1 bath units with open floor plans! This turn-key building is currently fully occupied and offers immediate returns with the potential to increase rents in the future. This is a great opportunity for investors. As you view this building, you'll love its beautiful architecture and exemplary charm! The building is Lead Certified.
Shaker Heights is located in Ohio. Shaker Heights, Ohio has a population of 29,197. Shaker Heights is more family-centric than the surrounding county with 34.6% of the households containing married families with children. The county average for households married with children is 23.83%.
The median household income in Shaker Heights, Ohio is $92,463. 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 Shaker Heights is 40.3 years.
The average high temperature in July is 81.6 degrees, with an average low temperature in January of 20.1 degrees. The average rainfall is approximately 41.8 inches per year, with 74.6 inches of snow per year.
