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$950,000
42 Days On Site

1615 Ridgefield Road
Cleveland, OH 44118

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1930
Built
Subdivision:
Euclid 09
County:
Cuyahoga

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1615 Ridgefield Road1615 Ridgefield Road1615 Ridgefield Road1615 Ridgefield Road
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**For Sale: 1615 Ridgefield Rd, Cleveland Heights, OH – Commercial Apartment Building** Seize this incredible investment opportunity with this well-maintained commercial apartment building located at 1615 Ridgefield Road in the vibrant Cleveland Heights area. This property features 10 spacious one-bedroom, one-bath units, offering a steady income stream and a prime location. Being sold with 14174 Superior Rd Cleveland Heights OH 44118. Boiler was serviced in November of 2023 for optimal functioning and numerous capex improvements have been made. Buildings are a stable addition to your portfolio due to the variety of exit strategies. **Key Features:** - **Well-Maintained Units**: Each apartment is designed for comfort, featuring ample living space, modern kitchens, and updated bathrooms. - **On-Site Amenities**: Residents enjoy on-site laundry facilities, off-street parking, and shared outdoor spaces, enhancing the overall living experience. **Investment Highlights:** - **Strong Demand**: Situated in a sought-after neighborhood, this property benefits from high demand for rental housing, ensuring a reliable tenant base. - **Revenue Potential**: With opportunities for rent increases and potential improvements, there is significant room for increased revenue. - **Management Ease**: Right next door to 14174 Superior Rd for ease of management. **Location Advantages:** - **Cleveland Heights Community**: A desirable area known for its diverse community, excellent schools, parks, and cultural amenities. - **Convenient Accessibility**: Located near public transportation and major roadways, providing easy access to downtown Cleveland and surrounding areas. This commercial apartment building at 1615 Ridgefield Road is a fantastic investment opportunity with strong cash flow potential. Don’t miss your chance to add this prime property to your portfolio! Contact us today for more details or to schedule a viewing.

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Listing Snapshot
Price 
$950,000
Days On Site 
42 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1401 Acres
Year Built 
1930
MLS® Number 
5077400
Status 
Active
Property Tax 
$27,300
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing first seen on site
a month agoListing updated with changes from the MLS®
General Features
Acres 
0.1401
Parking 
Additional Parking
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
Water Source 
Public
Interior Features
Heating 
Hot WaterSteam
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Community Features
School District 
Cleveland Hts-Univer - 1810
Township 
Cleveland Heights
Schools
School District
Cleveland Hts-Univer - 1810
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Nicole M Garcia of EXP Realty, LLC.



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2024 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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