Active

2729 Euclid Heights Boulevard

Cleveland Heights OH, 44106

$965,000


$68.02 per sqft

Active

14,188 sqft

Commercial

Built in 1920

Discover this remarkable 8-unit brick apartment building located in the heart of Coventry Village, within the highly sought-after Cleveland Heights neighborhood. Enjoy seamless access to major healthcare centers like Cleveland Clinic Main Campus (8-minute drive) and University Hospital Main Campus (6-minute drive) as well as educational institutions like Case Western Reserve (4-minute drive), Notre Dame College (11-minute drive), and John Carroll University (12-minute drive). In addition, this 8-unit property is situated just steps away from live music venues, vibrant bars, delectable restaurants, and eclectic shopping destinations. This ideal, prime location makes it very desirable for tenants of all backgrounds from medical students, doctors, college students and those interested in great nightlife.

This fully occupied property is currently generating an impressive $10,085 per month, with a proforma potential of $13,000 per month. Each unit has separate electric meters, with tenants responsible for their own electric bills and the boiler & water/sewer being the responsibility of the owner.

All units boast beautiful natural hardwood floors throughout, adding charm and appeal, and large windows flood the spaces with natural light, creating a bright and inviting atmosphere. The property includes six covered garage spots, providing convenient and secure parking for tenants. Some units have undergone updates, including refinished hardwood floors, modern paint, and upgraded bathrooms and kitchens. With additional simple cosmetic upgrades, you can easily reach the proforma rent of $13,000 per month.

Take advantage of this rare investment opportunity in one of Cleveland Heights' most desirable areas!

5050684

MLS ID

July 3, 2024

Listed

December 10, 2024

Updated

Map

2729 Euclid Heights Boulevard
Cleveland Heights OH, 44106

Interior Features

Total Stories

4


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Hot Water, Steam

Exterior/Building Features

Lot Size

0.2 Acres


Roof

Composition, Flat


Sewer

Public Sewer

School Information

School District

Cleveland Hts-Univer - 1810

Other Property Details

Taxes

$22,268


Tax Frequency

Annually


Days on Market

161


Garage

No


View

No


County

Cuyahoga


Municipality

Cleveland Heights


Water Source

Public


Pool

No

 

Courtesy of Russell Real Estate Services

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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