2450 Overlook

40-Unit Light Cosmetic Value Add Multifamily Investment Cleveland Heights, Ohio

KW Commercial the List Sell and Buy Team is pleased to present 2450 Overlook Road, a 40-unit multifamily investment opportunity offered at $3,200,000 ($80,000 per unit).

Strategically located near Cleveland Clinic, University Hospitals, Case Western Reserve University, and University Circle, this established apartment community presents investors with an opportunity to acquire a well-amenitized multifamily asset with meaningful rental upside.

The primary investment opportunity centers on a light cosmetic value-add strategy. Based on nearby advertised rental rates, the property's one-bedroom apartments are estimated to be approximately $150–$200 below market, while two-bedroom apartments are approximately $150 below market.

Investors have the potential to increase rental income through targeted cosmetic improvements, apartment refreshes, enhanced unit presentation, and strategic rent adjustments as units turn over and leases permit.

Residents enjoy in-unit washers and dryers, fully equipped kitchens, complimentary Wi-Fi, controlled key-fob access, 24-hour security cameras, fitness facilities, and garage and surface parking.

Seller financing is available with approximately 30%–40% down, with interest rates and other terms negotiable.

An attractive investment opportunity for buyers seeking to increase rental income, enhance net operating income, and build long-term asset value in one of Greater Cleveland's established multifamily markets.

Contact Dontez Sanders with KW Commercial and the List Sell and Buy Team for additional information or to schedule a private property tour.