Building Details

Year Built 1963

Tenancy Multi

Listing Agency: Russell Real Estate Services

Listed By: Tal Tamir · License #2018001908 Show Phone

Source: Theacclaimedrealty

Added: Oct 1 Changed: Oct 2 Last Checked: Oct 5 at 9:29PM

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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

Investment Insights

Based on property information with market context.

This portfolio comprises eight condominium units within one community, with two- and three-bedroom layouts across Caroline Drive, Banbury Court, and Banbury Circle. All units are occupied and are being delivered compliant with point-of-sale requirements. Interior features include updated kitchens with stainless steel appliances, tile flooring, refinished hardwood floors, and refreshed bathrooms. Heating is gas forced air, and the properties have public water and sewer. Utility responsibility varies by unit, and the condos share one HOA, with dues assessed individually.

Warrensville Heights is eight miles from downtown Cleveland, with access to I-271 and I-480. Nearby destinations include Cleveland Clinic South Pointe Hospital, Eaton Corporation, and Cuyahoga Community College Corporate College. The reported in-place cap rate is 10.9 percent; the pro forma underwriting indicates 12.2 percent.

Key Highlights

• Eight fully occupied condominium units in one community
• Two- and three‑bedroom units across Caroline Drive, Banbury Court, and Banbury Circle
• Updated kitchens with stainless steel appliances, tile floors, refinished hardwood, and refreshed bathrooms

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Locksmith Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Parking Lot & Garage Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

477

Businesses Nearby

Explore this area Business Placement

Demographics for 44128, OH

28,146

Population

14,184

Households

2

Avg Household Size

41

Median Age

18%

College-Educated

90%

High-School Grad

8.8 sq mi

ZIP Area

3,198

Density / Sq Mi

$44,615

Median Household Income

$32,719

Median Earnings

$957

Median Rent

$90,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Multifamily property - The fully occupied units offer two- and three-bedroom layouts, updated kitchens, and refreshed bathrooms.

Where is this multifamily property located?

The property is located at 23856 Banbury Cir Warrensville Heights, OH.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Eight fully occupied condominium units in one community; Two- and three‑bedroom units across Caroline Drive, Banbury Court, and Banbury Circle; Updated kitchens with stainless steel appliances, tile floors, refinished hardwood, and refreshed bathrooms