Active

1615 Ridgefield Road

Cleveland OH, 44118

$950,000


Active

Commercial

Built in 1930

**For Sale: 1615 Ridgefield Rd, Cleveland Heights, OH - Commercial Apartment Building**

Seize this incredible investment opportunity with this well-maintained commercial apartment building located at 1615 Ridgefield Road in the vibrant Cleveland Heights area. This property features 10 spacious one-bedroom, one-bath units, offering a steady income stream and a prime location. Being sold with 14174 Superior Rd Cleveland Heights OH 44118. Boiler was serviced in November of 2023 for optimal functioning and numerous capex improvements have been made. Buildings are a stable addition to your portfolio due to the variety of exit strategies.

**Key Features:**

- **Well-Maintained Units**: Each apartment is designed for comfort, featuring ample living space, modern kitchens, and updated bathrooms.

- **On-Site Amenities**: Residents enjoy on-site laundry facilities, off-street parking, and shared outdoor spaces, enhancing the overall living experience.

**Investment Highlights:**

- **Strong Demand**: Situated in a sought-after neighborhood, this property benefits from high demand for rental housing, ensuring a reliable tenant base.
- **Revenue Potential**: With opportunities for rent increases and potential improvements, there is significant room for increased revenue.
- **Management Ease**: Right next door to 14174 Superior Rd for ease of management.

**Location Advantages:**

- **Cleveland Heights Community**: A desirable area known for its diverse community, excellent schools, parks, and cultural amenities.
- **Convenient Accessibility**: Located near public transportation and major roadways, providing easy access to downtown Cleveland and surrounding areas.

This commercial apartment building at 1615 Ridgefield Road is a fantastic investment opportunity with strong cash flow potential. Don't miss your chance to add this prime property to your portfolio! Contact us today for more details or to schedule a viewing.

5077400

MLS ID

October 13, 2024

Listed

November 22, 2024

Updated

Map

1615 Ridgefield Road
Cleveland OH, 44118

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Hot Water, Steam

Exterior/Building Features

Lot Size

0.14 Acres


Sewer

Public Sewer

School Information

School District

Cleveland Hts-Univer - 1810

Other Property Details

Taxes

$27,300


Tax Frequency

Annually


Days on Market

1


Garage

No


Parking

Additional Parking


View

No


County

Cuyahoga


Municipality

Cleveland Heights


Water Source

Public


Pool

No

 

Courtesy of EXP Realty, LLC.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kristine McGee shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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