13309 S Woodland Road
$1,690,000
13309 S Woodland Road Shaker Heights, OH 44120
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About this listing
Turnkey key 17 unit apartment complex waiting for its new owner! This property is a cash flowing machine! Current gross income at an 82.4% occupancy rate is $154,692 with a cap rate of 9.1% before expenses! Units range between 1-3 bedrooms and all are varying with different tudor style layouts for each unit. Featuring grand architecture on the exterior property, this one is a must add to your real estate portfolio! Units include beautiful hardwood flooring, large open living rooms with a ton of natural lighting, new interior paint, lvp flooring and very spacious floor plans! Street parking and parking spaces in the back of the building along with public transportation are available. Each apartment unit can be newly renovated and turned into a condo development for maximum return value, or keep it for your own personal rental portfolio. Mechanics are all newer and in great condition! Close proximity to shopping, restaurants, public transportation, freeway access, hospitals and much more. Hurry! This property will not last long!
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Lot Area
0.435 acres
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Year Built
1920
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MLS ID
5029293
DESCRIPTION
- • Annual Tax: $ 10609.0
- • Water: Municipal Water
- • Heating Fuel Type: Gas
- • Sewer: Public
- • Roof: Slate Roof
- • Heating Type: Steam Heat
