Historic Shaker Square Apartment
For Sale
$1,575,000
3016 S Moreland Boulevard, Shaker Heights, OH 44120
28-unit apartment building in Shaker Square with updates.
Property SizeContact for details
Lot Size0.58 Acres
Days on Market626
Property Features for 3016 S Moreland Boulevard
General Information
Standard status
Active
Lot size
0.58 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1938
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
(440) 346-2031
Listed By:
Joseph A Zingales · License #2013000048
(440) 346-2031
Source:
Exitrealty
Added: Nov 15, 2024
Changed: Jul 10
Last Checked: Aug 3 at 4:34AM
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 Berkshire Hathaway HomeServices Professional Realty
Investment Insights
Based on property information with market context.
Located in Historic Shaker Square, this 28-unit apartment building features solid brick construction and has been updated. A newer boiler was installed within the last 2 years. The building has been freshly painted and well-maintained. The property consists of twenty-eight 1-bedroom, 1-bath units with open floor plans. The building is currently fully occupied and offers immediate returns with the potential to increase rents in the future. The building is Lead Certified. The architecture and charm of the building are notable features. An on-site manager is currently in place and may be willing to stay after the title transfer, which could be a benefit for investors.
Key Highlights
- Fully occupied, turn‑key building offering immediate returns.
- Potential to increase rents in the future.
- Newer boiler (within last 2 years).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 44120, OH
34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 28-unit apartment building in Shaker Square with updates.
Where is this apartment building located?
The property is located at 3016 S Moreland Boulevard Shaker Heights, OH.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Fully occupied, turn‑key building offering immediate returns.; Potential to increase rents in the future.; Newer boiler (within last 2 years).
