2617 Euclid Heights Blvd - Apartments FOR SALE


Cleveland Heights, OH 44106- Cedar-Fairmount
$899,900 USD
440-343-0314
2617 Euclid Heights Blvd, Cleveland Heights, OH for Sale
$899,900 USD
Apartments - FOR SALE
1/46
null | 7.13% Cap Rate

2617 Euclid Heights Blvd
Cleveland Heights, OH 44106
Cedar-Fairmount


HIGHLIGHTS

  • Well maintained building close to universities, downtown, restaurants, retail and public transportation

OVERVIEW

Charming Multi-Unit Investment Opportunity–Turtle Park Apartments. Affectionately named after the park adjacent to the building. Charm and character abound in this exceptional income-generating opportunity in the heart of Cleveland Heights! Turtle Park Apartments features 8 spacious suites—(6) 3BR/1BA and (2) 2BR/1BA units. As tenants have moved out, half of the units have been thoughtfully updated with new kitchens, baths, fresh paint, modern fixtures, appliances, and windows. With a proforma rental income of $10,250 per month, this property is primed for strong returns. Key updates include plumbing and electrical improvements, as well as a repaired and updated main sewage line. The roof and boiler are in excellent condition and are regularly serviced. Additional features include: 6 parking spaces (3 covered, 3 uncovered), motion-activated common area lighting for efficiency and safety, on-site coin laundry for additional income. Two vacant units available for viewing; all updated units are currently rented. Photos showcase one updated unit and two non-updated units—all updated units reflect the updated unit photos. Ideally located near downtown, major hospitals, universities, and all that Coventry has to offer,

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$77 USD /SF

# OF UNITS

8

PRICE/UNIT

$112,488

CAP RATE

7.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turtle Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1917

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,621 SF

ZONING

MF3,Cleveland Hgts

APN/PARCEL ID

685-09-073

ASK ABOUT THIS PROPERTY

Rob GallmannRE/MAX Haven RealtyMore Info
440-343-0314

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Rob GallmannRE/MAX Haven RealtyMore Info
440-343-0314

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