OH > Maple Heights > Bedford
Maple Heights, OH 44137,15229 Maple Park DR
Maple Heights, OH 44137,15229 Maple Park DR
Maple Heights, OH 44137,15229 Maple Park DR
Maple Heights, OH 44137,15229 Maple Park DR
Maple Heights, OH 44137,15229 Maple Park DR
Maple Heights, OH 44137,15229 Maple Park DR
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Nicole Ward

Nicole Ward

+1(330) 807-1303
$ 2,860,000
Est. payment | /mo

2.6 Acres Lot

Save
$ 2,860,000
Est. payment | /mo
Save

2.6 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Subdivision Bedford

MLS Listing ID 5072641

HOA Y/N No

Year Built 1967

Annual Tax Amount $78,286

Tax Year 2023

Lot Size 2.596 Acres

Acres 2.596

Property Description

Introducing the Maple 52 investment opportunity—an incredible chance to own a 52-unit apartment portfolio in the thriving suburb of Maple Heights, OH! This portfolio consists of four all-brick buildings on the same street, boasting near full occupancy and huge value-add potential. With cosmetic updates and rent increases, you could significantly boost the already strong returns. Each building has newer gabled roofs and offers an in place cap rate of over 7%, with pro forma potential well into double digits. Many units have seen some updates, but a savvy investor can take this to the next level by adding vinyl flooring, fresh paint, modern fixtures, and minor upgraded kitchens and baths. The portfolio includes three 12-unit buildings and one 16-unit building, all equipped with annually serviced boiler heat and newer hot water tanks. Tenants pay their own electric while owner covers gas and water/sewer. This is a rare “value-add” gem for investors—cash flowing today with massive upside potential through minor cosmetic upgrades. Don’t miss your chance to transform this portfolio and unlock serious profits!

Location

State OH

County Cuyahoga

Interior

Heating Hot Water, Steam

Fireplace No

Exterior

Water Access Desc Public

Present Use Residential

Building

Sewer Public Sewer

Water Public

Schools

School District Maple Heights Csd - 1818

Others

Tax ID 786-03-004

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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15229 Maple Park DR