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

April 16, 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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