1615 Ridgefield RD new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44118
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Euclid 09
MLS Listing ID 5077400
Year Built 1930
Annual Tax Amount $27,300
Tax Year 2023
Lot Size 6,102 Sqft
Property Description
**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.
Location
State OH
County Cuyahoga
Interior
Heating Hot Water,Steam
Exterior
Garage Additional Parking
Building
Foundation Basement
Sewer Public Sewer
Water Public
Schools
School District Cleveland Hts-Univer - 1810
Others
Special Listing Condition Standard