47
See all 47 photos
$859,000
Est. payment /mo
6,625 Sqft Lot
Price Dropped by $40K
2617 Euclid Heights BLVD Cleveland Heights, OH 44106
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Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Euclid Heights
MLS Listing ID 5095915
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1917
Annual Tax Amount $25,295
Tax Year 2024
Lot Size 6,625 Sqft
Acres 0.1521
Property Sub-Type Apartment
Property Description
Charming Multi-Unit Investment Opportunity–Turtle Park Apartments. Affectionately named after the park adjacent to the building. Charm and character abound in this exceptional income-generating opportunity in the heart of Cleveland Heights! Turtle Park Apartments features 8 spacious suites—(6) 3BR/1BA and (2) 2BR/1BA units. As tenants have moved out, half of the units have been thoughtfully updated with new kitchens, baths, fresh paint, modern fixtures, appliances, and windows. With a proforma rental income of $10,250 per month, this property is primed for strong returns. Key updates include plumbing and electrical improvements, as well as a repaired and updated main sewage line. The roof and boiler are in excellent condition and are regularly serviced. Additional features include: 6 parking spaces (3 covered, 3 uncovered), motion-activated common area lighting for efficiency and safety, on-site coin laundry for additional income. Two vacant units available for viewing; all updated units are currently rented. Photos showcase one updated unit and two non-updated units—all updated units reflect the updated unit photos. Ideally located near downtown, major hospitals, universities, and all that Coventry has to offer, this is a prime opportunity for investors looking for a well-maintained, income-producing asset. Don't miss out!
Location
State OH
County Cuyahoga
Interior
Heating Hot Water, Radiator(s), Steam, Zoned
Cooling Ceiling Fan(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Driveway, Detached, Garage, On Street
Water Access Desc Public
Roof Type Flat
Present Use Residential
Garage true
Building
Foundation Slab
Sewer Public Sewer
Water Public
Construction Status Updated/Remodeled
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 685-09-073
Security Features Fire Escape
Listed by Robert Gallmann • RE/MAX Haven Realty • Robert@ClevelandHomes.com 440-343-0314