1400 Ranchland Dr - Apartments FOR SALE
Mayfield Heights, OH 44124 |
440-823-1266
1400 Ranchland Dr
Mayfield Heights, OH 44124
HIGHLIGHTS
- Proven Value-Add Opportunity: Approximately 5 of the 16 units have been renovated that are generating rent premiums between $300-600/month.
- Significant Upside Through Organic Rent Growth: Current rents are 20%+ below market.
- Prime Location: Ranchland Gardens is located at the intersection of Mayfield Rd and Ranchland Drive surrounded by numerous walkable retail amenities
- Proven Operating History: The property is currently 100% occupied and has been consistently full for years.
- Spacious Layouts: Each town-home is a two-story building plus a basement with 2 beds and one and a half bath.
- Unique Features: Each town-home comes with a ground level patio and an upstairs balcony off of the master bedroom.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1965
PARKING SPACES
26
LAND DETAILS
LAND ACRES
0.73 AC
LAND SF
31,799 SF
ZONING
N/Av, Mayfield
APN/PARCEL ID
861-05-077
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440-823-1266
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440-823-1266
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