Shaker Heights OH Real Estate & Commercial for Sale

Turnkey key 17 unit apartment complex waiting for its new owner! This property is a cash flowing machine! Current gross income at an 82.4% occupancy rate is $154,692 with a cap rate of 9.1% before expenses! Units range between 1-3 bedrooms and all are varying with different tudor style layouts for each unit. Featuring grand architecture on the exterior property, this one is a must add to your real estate portfolio! Units include beautiful hardwood flooring, large open living rooms with a ton of natural lighting, new interior paint, lvp flooring and very spacious floor plans! Street parking and parking spaces in the back of the building along with public transportation are available. Each apartment unit can be newly renovated and turned into a condo development for maximum return value, or keep it for your own personal rental portfolio. Mechanics are all newer and in great condition! Close proximity to shopping, restaurants, public transportation, freeway access, hospitals and much more. Hurry! This property will not last long!

This phenomenally well kept apartment building is ready for your investment portfolio!!! In the heart of Shaker Heights sits this 12 unit beauty . 4 / 4 bedroom 3 bath units with in suite laundry and 2 floors . 4/ 2bed 2bath . 3/ 1 bed 1bath & 2 studio apartments with only one vacancy- & rents as high as 2,225. Garage and outside parking . Near shopping and transportation lines . This building has been managed by City Wide Development & management can roll over if needed. All codes up to date , registrations and fire safety inspections met . Brand new water tanks installed . She truly is a gem .