21
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$725,000
Est. payment /mo
0.41 Acres Lot
New
Address not disclosed Fairview Park, OH 44126
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Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Virdr Sub
MLS Listing ID 5207624
HOA Y/N No
Year Built 1963
Annual Tax Amount $19,054
Tax Year 2025
Lot Size 0.413 Acres
Acres 0.413
Property Sub-Type Apartment
Property Description
Excellent multifamily investment opportunity located on a quiet cul-de-sac in a desirable residential pocket of Fairview Park! This well-maintained 5-unit property offers strong tenant appeal with its low-traffic setting, residential feel, and stable occupancy, while also presenting a compelling value-add opportunity through future rent growth and increased cash flow potential.
The building features a desirable unit mix of four 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all in great condition with several updates throughout. Each unit is equipped with its own separate furnace and wall A/C unit, helping minimize landlord utility expenses while providing added comfort and convenience for tenants.
Additional highlights include 5 garages for supplemental income, a full basement with coin-operated laundry, generous storage space and storage lockers, plus a large bonus area that could function as a party room, recreational space, or potential future 6th unit (subject to buyer verification). A private backyard further enhances tenant appeal.
Offering immediate cash flow, strong rental demand, and long-term upside potential, this is a rare opportunity to acquire a turnkey multifamily asset in one of Fairview Park's most desirable residential settings—ideal for both seasoned and first-time investors alike.
The building features a desirable unit mix of four 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all in great condition with several updates throughout. Each unit is equipped with its own separate furnace and wall A/C unit, helping minimize landlord utility expenses while providing added comfort and convenience for tenants.
Additional highlights include 5 garages for supplemental income, a full basement with coin-operated laundry, generous storage space and storage lockers, plus a large bonus area that could function as a party room, recreational space, or potential future 6th unit (subject to buyer verification). A private backyard further enhances tenant appeal.
Offering immediate cash flow, strong rental demand, and long-term upside potential, this is a rare opportunity to acquire a turnkey multifamily asset in one of Fairview Park's most desirable residential settings—ideal for both seasoned and first-time investors alike.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Wall Unit(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Garage
Water Access Desc Public
Present Use Residential,Single Family,See Remarks
Porch Patio
Garage true
Building
Foundation Basement
Sewer Public Sewer
Water Public
Schools
School District Fairview Park Csd - 1814
Others
Tax ID 323-11-079
Listed by Jamie Samaha • Howard Hanna • jamiesamaha@howardhanna.com, 216-925-2063
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