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
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