Grandview Apartments
Market Price
2252 Grandview Ave, Cleveland Heights, OH 44106
7.03
Cap Rate
40,409
NOI
Details:
Highlights:
- Extremely Strong Rental Market
- 100% Occupancy
- New Boiler 2023
- Classic Oversized Cleveland Heights Apartments with Modern Upgrades
- On Site and Street Parking
- All Suites Renovated
- All New Windows
Description:
The Grandview Apartments offer an investor the opportunity to obtain an updated asset in a highly desirable location. Property consists of four large 3BR 1 Bathroom units and one large renovated 1BR 1 Bathroom unit. The building boasts classic Cleveland Heights suites with enclosed front porches, hardwood floors, decorative fireplaces, and modern upgrades to kitchens and bathrooms. The property has historically strong occupancy and offers potential upside with improved management and bringing rents in line with the market.
2252 Grandview is located in the Cedar Fairmount Neighborhood of Cleveland Heights. One of the most popular areas in Northeast Ohio, tenants are within one mile of Case Western Reserve University, University Hospital, Cleveland Clinic and all of the University Circle institutions. Downtown Cleveland is 15 minutes away by car or public transportation. Tenants are blocks from shopping, dining, and nightlife, as well as, the walking and hiking trails of Shaker Lakes.
Location
Gallery
