5151 Lee Rd - Apartments FOR SALE
Maple Heights, OH 44137 |
$2,250,000 USD
614-403-8375
5151 Lee Rd
Maple Heights, OH 44137
HIGHLIGHTS
- More Than $800,000 of Capital Improvements Since 2021
- Ability to Implement Utility Reimbursement ($15,000+ to NOI)
- Upside Through Management Efficiencies (Out-of-Town Ownership)
- Minutes From Significant Employment (Amazon Fulfillment, JACK Racino, Cleveland Clinic Marymount)
- Less Than 20 Minutes to Downtown Cleveland
FOR SALE DETAILS
PRICE
$2,250,000 USD
PRICE/SF
$72 USD /SF
# OF UNITS
34
PRICE/UNIT
$66,176
CAP RATE
6.31%
% LEASED
97%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Maple Lee Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1958
PARKING SPACES
33
LAND DETAILS
LAND ACRES
0.88 AC
LAND SF
38,333 SF
ZONING
NC
APN/PARCEL ID
781-21-056
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614-403-8375
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614-403-8375
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