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5201-5215 Warrensville Center RD Maple Heights, OH 44137
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Key Details
Sold Price $1,411,000
Property Type Commercial
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Waid & Duffeys Ctr Hwy Al
MLS Listing ID 4344258
Sold Date 07/15/22
HOA Y/N No
Year Built 1957
Annual Tax Amount $25,274
Property Description
This Class C brick apartment complex is a solid investment in a great market with HUGE value add potential. Maple Heights is fantastic rental area with market rents ranging from $600 to $1200/mo. Tenants are drawn to this area due to its close proximity to shopping and jobs such the Southgate shopping center and Jack Racino. "The Clare" consists of 2- 11 unit brick buildings with a fully renovated single family home in between. It has a near equal mix of 1 and 2 bed units with 1 studio in each building and 3 bedrooms in the SF. Tenants can access the building from the attached covered parking located behind the buildings or from the main door. Each building contains on site, coin operated laundry that provides additional income and private storage space in the maintenance room. Owner utility expenses are reduced thanks to in-suite furnace and hot water tanks. 5 of the current tenants have all been there over 1 year. Currently has 11 vacant units that require no more then a rent ready
Location
State OH
County Cuyahoga
Rooms
Basement None
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Covered, On Site, Outside, Paved
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Maple Heights Csd - 1818
Others
Tax ID 782-23-016
Financing Cash
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Bought with Robin L Brower • Coldwell Banker Schmidt Realty
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