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    OFF-MARKET
    Small apartment buildings

    1933 Lee Rd, Cleveland Heights, OH 44118

    Property ID
    US66-5339995
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 12-unit apartment building located at 1933 Lee Road, Cleveland Heights, Ohio, 44118. The property, a solid brick structure, boasts a mix of recently renovated units and long-term tenants, ensuring a stable income stream with significant growth potential. While the exact square footage is unavailable, the building sits on a 0.289-acre lot. The current occupancy rate is approximately 70%, generating substantial cash flow. Detailed financial information, including rent rolls and expense reports, will be provided upon request to qualified buyers. This multifamily property offers a compelling blend of immediate returns and long-term appreciation. The recent renovations to many units have allowed for increased rental rates, enhancing the overall profitability. The property's location in Cleveland Heights provides convenient access to local amenities and transportation. This is an ideal acquisition for investors seeking a proven, cash-flowing asset with room for further value enhancement and increased profitability. The opportunity to acquire a well-maintained, income-producing property in a desirable location like Cleveland Heights is rare and should not be missed. Serious inquiries only.

    Property profile
    Verified
    Property type Small apartment buildings
    UPID US66-5339995
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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