35
See all 35 photos
$1,558,000
$1,670,000 6.7%
Est. payment /mo
0.38 Acres Lot
Sold on 04/11/2025
3214 Berkshire RD Cleveland Heights, OH 44118
GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
UPDATED:
Key Details
Sold Price $1,558,000
Property Type Commercial
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5095310
Sold Date 04/11/25
HOA Y/N No
Year Built 1930
Annual Tax Amount $40,591
Tax Year 2024
Lot Size 0.384 Acres
Acres 0.384
Property Sub-Type Apartment
Property Description
This 19-unit brick building in Cleveland Heights offers an excellent investment opportunity, featuring 16 one-bedroom units and 3 two-bedroom units in a fully secured building. Recent upgrades make this property turn-key and ready for new ownership. The building boasts a brand new boiler with a 10-year warranty, secondary heat sources installed in each unit, updated main and unit electrical panels. Additional revenue comes from a secure detached parking garage and a coin-operated laundry facility, adding to its appeal. A new intercom system enhances tenant safety, and the property is point of sale compliant, requiring no further work before transfer. With many units updated and significant capital improvements already completed, this building provides a low-maintenance, high-potential investment in a desirable Cleveland Heights location. Ideal for investors looking to expand their portfolio and add value with increasing rents up to market. This property is positioned for strong returns and consistent cash flow. Don't miss this opportunity!
Location
State OH
County Cuyahoga
Interior
Heating Dual System, Electric, Radiator(s)
Cooling None
Fireplace No
Exterior
Parking Features Assigned, Garage, On Street
Water Access Desc Public
Total Parking Spaces 15
Garage true
Building
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 687-02-028
Financing Conventional
Special Listing Condition Standard
Listed by Charles Lewis • Home Equity Realty Group • charles.lewis@heqrealty.com 440-539-4864
Bought with Jill Alexander • Home Equity Realty Group
Bought with Jill Alexander • Home Equity Realty Group