Map of Property

1615 Ridgefield Rd

1615 Ridgefield Rd, Cleveland Heights, OH 44118

  • For Sale $750,000
  • Property Type Other
  • Lot Size 0.14 Acre
  • Year Built 1930
  • Date Updated Apr 28, 2024
  • Website www.cbcworldwide.com
TURNKEY APARTMENT BUILDING! If you are looking cash producing apartment complex that is over 50% occupied, then look no further! Producing over $3,800 in rent a month right now, at max rental occupancy, you will be looking at over $7,000 a month for a total of over $94,044 GCI at a 12.5% cap rate before expenses! This property features 10 one bed one bath units! Each unit features beautiful new floors, tons of natural lighting and spacious bedrooms! Property management is estimating to have all units tenanted by the end of April. Mechanics are also new including the hot water tanks, boiler system and updated electric throughout the entire complex! All it is missing is its new owner! POS to be ordered upon executed contract and buyer to assume POS violations. Mix and match! This property can be purchased individually wiith 684-03-006, 684-03-033 or all 3 for $2,000,000.Hurry! This property won't last long!

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Highlights

  • Water: Municipal Water
  • Heating - Fuel Type: Hydro Heat
  • Sewer: Public
  • Heating Type: Steam Heat

Contacts

broker

Morgan McClain

Coldwell Banker Schmidt Realty

(346) 221-1026

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable

  • Transit Score ®

    37/100 Some Transit

  • Bike Score ®

    56/100 Bikeable
Powered by Walk Score ®
  • City Cleveland Heights, OH
  • Neighborhood Cleveland Heights
  • Zip Code 44118
  • Market Cleveland Akron

Points of Interest

  • Superior

    1.04 miles

  • Stokes-Windermere Station

    1.15 miles

  • Little Italy–University Circle

    1.41 miles

  • Cedar–University

    1.92 miles

  • Coventry

    2.30 miles

  • Shaker Square

    2.37 miles

  • East 105th–Quincy

    2.62 miles

  • East 116th–St. Luke’s

    2.65 miles

  • Buckeye–Woodhill

    3.22 miles

  • Warrensville–Shaker

    3.23 miles

  • BP

    0.37 miles

  • Marathon

    0.40 miles

  • Marathon Gas Station

    0.43 miles

  • Sunoco

    0.73 miles

  • Shell

    0.95 miles

  • Marathon

    1.04 miles

  • Shell

    1.12 miles

  • Gas USA

    1.32 miles

  • Marathon

    1.37 miles

  • Shell

    1.39 miles

  • Municipal Lot 11

    0.02 miles

  • Recreation Center parking

    0.15 miles

  • Temple on the Heights Parking

    0.34 miles

  • Municipal Deck 20C

    0.46 miles

  • Municipal Lot 10

    0.48 miles

  • Municipal Lot 20

    0.50 miles

  • Municipal Lot 24

    0.51 miles

  • Municipal Lot 3

    0.52 miles

  • Municipal Lot 15

    0.52 miles

  • Municipal Lot 13

    0.57 miles

  • Star's Compound

    1.54 miles

  • Courtyard Cleveland University Circle

    1.67 miles

  • Town House Motel

    1.72 miles

  • Noble Motel

    1.73 miles

  • Glidden House

    1.74 miles

  • Tudor Arms Hotel

    2.24 miles

  • Residence Inn

    2.31 miles

  • InterContinental Hotel Cleveland

    2.52 miles

  • InterContinental Suites Hotel Cleveland

    2.76 miles

  • Holiday Inn Cleveland Clinic

    2.82 miles

  • Pacific East

    0.40 miles

  • High Thai'd

    0.42 miles

  • Grum's Sub Shoppe

    0.42 miles

  • Pho & Rice

    0.42 miles

  • Tree Country

    0.45 miles

  • Hunan Coventry

    0.46 miles

  • Tommy's

    0.49 miles

  • Soba Asian Kitchen

    0.49 miles

  • Guy's Pizza

    0.53 miles

  • Bodega

    0.57 miles

  • Boulevard Elementary School

    0.56 miles

  • Superior Elementary School

    0.80 miles

  • Hebrew Academy of Cleveland

    1.05 miles

  • CEOGC Head start

    1.07 miles

  • Cleveland Heights High School

    1.09 miles

  • Cedar Hill School

    1.12 miles

  • Lakewood University

    1.21 miles

  • Lutheran High School East

    1.26 miles

  • Deborah S. Delisle Educational Options Center

    1.31 miles

  • Cleveland Montessori School

    1.35 miles

  • The Centers for Families and Children

    1.18 miles

  • Toddle Inn

    1.22 miles

  • Discovery Preschool

    1.93 miles

  • EBC Child Care

    2.24 miles

  • Yabi Jewish Nursery & Child Care

    2.36 miles

  • Kindercare Daycare

    2.42 miles

  • Share One Teach One Academy

    3.07 miles

  • Precious Gem Childcare Center

    3.09 miles

  • Character Academy Early Learning Center

    3.20 miles

  • Collinwood academy childcare

    3.54 miles

Frequently Asked Questions

What is the lease rate for 1615 Ridgefield Rd?

Rental asking rate at 1615 Ridgefield Rd is $375,000.00/YR.

When was this property built?

1615 Ridgefield Rd was built in 1930.

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Contact Listing Broker

broker

Morgan McClain

Coldwell Banker Schmidt Realty

(346) 221-1026