Active
13309 S Woodland Road
Shaker Heights OH, 44120
$1,690,000
$75.58 per sqft
Active
22,360 sqft
Commercial
Built in 1920
Turnkey key 17 unit apartment complex waiting for its new owner! This property is a cash flowing machine! Current gross income at an 82.4% occupancy rate is $154,692 with a cap rate of 9.1% before expenses! Units range between 1-3 bedrooms and all are varying with different tudor style layouts for each unit. Featuring grand architecture on the exterior property, this one is a must add to your real estate portfolio! Units include beautiful hardwood flooring, large open living rooms with a ton of natural lighting, new interior paint, lvp flooring and very spacious floor plans! Street parking and parking spaces in the back of the building along with public transportation are available. Each apartment unit can be newly renovated and turned into a condo development for maximum return value, or keep it for your own personal rental portfolio. Mechanics are all newer and in great condition! Close proximity to shopping, restaurants, public transportation, freeway access, hospitals and much more. Hurry! This property will not last long!
5029293
MLSⓇ ID
April 8, 2024
Listed
May 9, 2024
Updated
Map
13309 S Woodland Road
Shaker Heights OH, 44120
Interior Features
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Gas, Hot Water, Steam
Exterior/Building Features
Lot Size
0.43 Acres
Roof
Slate
Sewer
Public Sewer
School Information
School District
Shaker Heights CSD - 1827
Other Property Details
Taxes
$10,609
Tax Frequency
Annually
Days on Market
8
Garage
No
Parking
Parking Lot, On Street
View
No
County
Cuyahoga
Municipality
Shaker Heights
Water Source
Public
Pool
No
Buyer Agency Compensation
1%
Courtesy of Coldwell Banker Schmidt Realty
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