Cleveland Heights, OH 44106,2729 Euclid Heights BLVD
Cleveland Heights, OH 44106,2729 Euclid Heights BLVD
Cleveland Heights, OH 44106,2729 Euclid Heights BLVD
Cleveland Heights, OH 44106,2729 Euclid Heights BLVD
Cleveland Heights, OH 44106,2729 Euclid Heights BLVD
Cleveland Heights, OH 44106,2729 Euclid Heights BLVD
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$ 965,000
Est. payment | /mo

8,746 Sqft Lot


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$ 965,000
Est. payment | /mo
Save

8,746 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Euclid Heights Allotment

MLS Listing ID 5050684

HOA Y/N No

Year Built 1920

Annual Tax Amount $22,268

Tax Year 2023

Lot Size 8,746 Sqft

Acres 0.2008

Property Description

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 $9,905 per month, with a proforma potential of nearly $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 nearly $13,000 per month.

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

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Hot Water, Steam

Cooling None

Fireplace No

Exterior

Water Access Desc Public

Roof Type Composition,Flat

Present Use Residential

Building

Story 3

Sewer Public Sewer

Water Public

Schools

School District Cleveland Hts-Univer - 1810

Others

Tax ID 685-11-023

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(330) 807-1303

nicole@thekeygroupohio.com

8750 Cleveland Ave NW, North Canton, Ohio, 44720-8207, USA

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2729 Euclid Heights BLVD