1933 Lee Rd, Cleveland Heights, OH 44118
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.