2528-2534 Noble Rd - Apartments FOR SALE


Cleveland Heights, OH 44121
$1,050,000 USD
440-339-9305
2528-2534 Noble Rd, Cleveland Heights, OH for Sale
$1,050,000 USD
Apartments - FOR SALE
1/10
null | 7.62% Cap Rate

2528-2534 Noble Rd
Cleveland Heights, OH 44121


HIGHLIGHTS

  • Strong Rental Sub-Market of Cleveland Heights
  • Real Upside Potential through Moving Rents to Market
  • Vinyl Windows
  • Updated Electrical Service

OVERVIEW

The Noble Villa Apartments offer an investor the opportunity to acquire 22 units in a strong submarket. The property consists of 22 - 1 Bedroom, 1 Bathroom units with multiple floor plans and several updated suites. The property has vinyl windows. There is a coin laundry room on site. Heat, water and sewer is paid by the owner. Electric is paid by the tenant. Upside exists for a hands on owner to improve management and bring rents to market. Existing rents range from $650 - $825, with an average rent of $777. Asking rents in the area range from $779 to $995 with tenant paid heat.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

22

PRICE/UNIT

$47,727

CAP RATE

7.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Noble Villa Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

MF-2, Cleveland Hts

APN/PARCEL ID

682-30-050

ASK ABOUT THIS PROPERTY

Benjamin BakerAdams Lynch AssociatesMore Info
440-339-9305

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Benjamin BakerAdams Lynch AssociatesMore Info
440-339-9305

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.