Contacts

Morgan McClain

Coldwell Banker Schmidt Realty

(346) 221-1026

Property Details

Property Type Other
Lot Size 0.14 Acre
Year Built 1930
Date Updated Apr 22, 2024
Website www.cbcworldwide.com

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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Highlights

Water: Municipal Water
Heating - Fuel Type: Hydro Heat
Sewer: Public
Heating Type: Steam Heat

Getting around

62/100
Walk Score ®
37/100
Transit Score ®
56/100
Bike Score ®

Powered by Walk Score ®

Location

City Cleveland Heights, OH
Neighborhood Cleveland Heights
Zip Code 44118
Market Cleveland Akron

Points of Interest

Superior

1.04 miles
Stokes-Windermere Station

1.15 miles
Little Italy–University Circle

1.41 miles
Cedar–University

1.92 miles
Coventry

2.30 miles
Shaker Square

2.37 miles
East 105th–Quincy

2.62 miles
East 116th–St. Luke’s

2.65 miles
Buckeye–Woodhill

3.22 miles
Warrensville–Shaker

3.23 miles

BP

0.37 miles
Marathon

0.40 miles
Marathon Gas Station

0.43 miles
Sunoco

0.73 miles
Shell

0.95 miles
Marathon

1.04 miles
Shell

1.12 miles
Gas USA

1.32 miles
Marathon

1.37 miles
Shell

1.39 miles

Municipal Lot 11

0.02 miles
Recreation Center parking

0.15 miles
Temple on the Heights Parking

0.34 miles
Municipal Deck 20C

0.46 miles
Municipal Lot 10

0.48 miles
Municipal Lot 20

0.50 miles
Municipal Lot 24

0.51 miles
Municipal Lot 3

0.52 miles
Municipal Lot 15

0.52 miles
Municipal Lot 13

0.57 miles

Star's Compound

1.54 miles
Courtyard Cleveland University Circle

1.67 miles
Town House Motel

1.72 miles
Noble Motel

1.73 miles
Glidden House

1.74 miles
Tudor Arms Hotel

2.24 miles
Residence Inn

2.31 miles
InterContinental Hotel Cleveland

2.52 miles
InterContinental Suites Hotel Cleveland

2.76 miles
Holiday Inn Cleveland Clinic

2.82 miles

Marc's

0.50 miles
Zagara's Marketplace

0.76 miles
Sav-Mor Family Foods

0.89 miles
Unger's Kosher Market

1.07 miles
Dave's Market

1.13 miles
Marshalls

1.21 miles
International Foods

1.32 miles
Dave's Supermarket

1.40 miles
Plum Market

1.56 miles
Save-A-Lot

1.60 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Map of Property

1615 Ridgefield Rd