Steven & Tara Crooks
REALTOR®

2729 Euclid Heights Boulevard
Cleveland Heights, OH 44106

$725,000

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Listing Details

  • $725,000
  • MLS# 5197568
  • Type Commercial - Business
  • Status Active
  • 0.201 acres
    Lot Size
  • 1920
    Year Built
  • Cleveland Hts-Univer - 1810
    Local Schools

Home Value Estimate


Description

Rarely does a property this well-positioned and well-built come to market in Cleveland Heights. This all-brick eight-unit building sits directly in the heart of Coventry Village, one of Greater Cleveland's most culturally vibrant neighborhood corridors. At $725,000 (just $90,625 per door), you are acquiring a hardened asset in a submarket where tenants plant roots and stay for years. Two units are vacant and actively being marketed, and once those lease up, you're looking at a stabilized effective gross income of $117,000 annually, already accounting for 5% vacancy. The real upside is clearly defined. Six of the eight units are oversized...read more

Features

  • None
  • Hot Water, Steam
  • 4.0 Stories
  • $18,756 / year Taxes
  • Public
  • Built in 1920

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