17703 Libby Road

For Sale$980,000/Sqft

17703 Libby Road, Maple Heights, OH 44137

  • Multi-Family

17703 Libby Road, Maple Heights, OH 44137 - Multi-Family Space

17703 Libby Road is located at 17703 Libby Road in the Maple Heights neighborhood, OH, Maple Heights, 44137. The Class C Multi-Family building was completed in 1958 and features a total of 9,192 Sqft.

Details

  • Sale Price $980,000/Sqft
  • City Maple Heights
  • Neighborhood Maple Heights
  • Zip Code 44137
  • Market Cleveland Akron
  • Property Type Multi-Family
  • Property Size 9,192 Sqft
  • Lot Size 0.26 Acre
  • Parking Spaces Avail. 12
  • Parking Ratio 1.31/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1958
  • Year Renovated 2019
  • Date Updated 28 Mar, 2020
  • Construction Type Brick
  • Website www.facebook.com

Description

12 Suite All Brick Exterior Suburban Apartment Building with Attached Parking Garage. 9 Apartments have been Freshly Remodeled. All Apartments have Separate Gas and Electric Meters, Separate Furnaces and 11 through the wall Air Conditioners,  5 Year New Hip Roof with Dimensional Shingles, There are 3 Levels with 4 Apartment Units per Floor. Equipped with Coin Operated Clothes Washer and Dryer. Each Unit has it's Own Keyed Mail Box.

Bus Stop at next corner at Cato Street,  Fire Escape at Rear of Building. Inside and Outside Parking Available.

Additional Income Potential ( 8 Garage Space Rentals, 4 now rented at $50 per month ) ( If you are proactive and perform your own Maintenance and Management you'll save $1600. per month ) ( Increase Legacy Rentals, 1 Brm to $700/month and 2 Brm to $800/month )

 

Apartment #3 is traded for Maintenance,

Additional Income Potential:

( 4 Garage Spaces Rented at $50 per space per month. ) 4 more Garage Spaces Available.

( If New Owner can handle doing your own Maintenance $800.and Management $800. you will gain $1600. per month  ) 

( Rents can be increase on Legacy to $700/month for 1 Bedroom Units and $800/month for 2 Bedroom Units )

( Coin Operated Washer and Dryer adds approx. $50.00 per month income )

( 2 Vending Machines have been added ) projecting $50 to $75 per month

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 17703 Libby Road?

17703 Libby Road totals 9,192 square feet.

When was this property built?

17703 Libby Road was built in 1958.

Maple Heights Demographics

The average household income in zip code 44137 is $48,889, from a total of 9,485 households. In terms of employment, there are 72.13 % white-collar and 27.87 % blue-collar jobs in zip code 44137.

Population

  • Total Population22,539
  • Male Population(46.6 %) 10,498
  • Female Population(53.4 %) 12,041
  • Median Age37.70

Income/Financial

  • Average Household Income$48,876
  • Median Household Income$41,019
  • Median Income Under 25$33,605
  • Median Income 25-44$41,384
  • Median Income 45-64$43,791
  • Median Income Over 65$34,636

Commercial Broker Register now to add listings

Bill Balcer

SOLID GOLD PROPERTIES REAL ESTATE SALES & SERVICES

(440) 439-5220

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