9-Property Multifamily
New
For Sale
$1,625,000
1005 Nela View Road, Cleveland Heights, OH 44112
Fully occupied rental homes are distributed across Cleveland, Cleveland Heights, Euclid, and East Cleveland.
Property SizeContact for details
Days on Market6
Property Features for 1005 Nela View Road
General Information
Standard status
Active
Property subtype
Apartment
Occupancy
100%
Financials
Asking Price
$1,625,000
Gross Income
$152,088
Taxes and HOA fees
Annual Taxes
$11,366
Building Details
Year Built
1920
Buildings
9
Listing Agency:
Russell Real Estate Services
Listed By:
Jesse R Kracht · License #2010001088
(440) 212-5656
Source:
Asacoxhomes
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 21 at 2:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russell Real Estate Services
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Investment Insights
Based on property information with market context.
This multifamily offering combines nine residential rental properties across Cleveland, Cleveland Heights, Euclid, and East Cleveland. The portfolio is reported at 100% occupancy, and eight of the nine properties have been renovated. Tenants pay gas and electric costs throughout the portfolio; at two properties, tenants also cover water and sewer expenses.
The portfolio is offered as a single package and carries a stated 7.30% capitalization rate. Its properties include 1569 E 256th St, 1285 E 137th St, 1511 E 248th St, 1371 E 185th St, 1463 Babbitt Rd, 16112 Greyton Rd, 16118 Greyton Rd, 1005 Nela View Rd, and 1435 Clermont Rd.
The portfolio is offered as a single package and carries a stated 7.30% capitalization rate. Its properties include 1569 E 256th St, 1285 E 137th St, 1511 E 248th St, 1371 E 185th St, 1463 Babbitt Rd, 16112 Greyton Rd, 16118 Greyton Rd, 1005 Nela View Rd, and 1435 Clermont Rd.
Key Highlights
- Nine residential rental properties offered together across four municipalities
- 100% occupancy
- Eight of the nine properties have undergone renovations
Property Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 44112, OH
18,685
Population
11,828
Households
1.6
Avg Household Size
44
Median Age
17%
College-Educated
86%
High-School Grad
4.0 sq mi
ZIP Area
4,671
Density / Sq Mi
$28,957
Median Household Income
$27,204
Median Earnings
$802
Median Rent
$77,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied rental homes are distributed across Cleveland, Cleveland Heights, Euclid, and East Cleveland.
Where is this multifamily property located?
The property is located at 1005 Nela View Road Cleveland Heights, OH.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Nine residential rental properties offered together across four municipalities; 100% occupancy; Eight of the nine properties have undergone renovations
