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The Colonial Apartments consist of five, two bedroom apartments with decorative fireplaces and refinished hardwood floors. The property is fully occupied and offers an investor the opportunity to obtain a cash flowing property in a popular submarket.
NAI Daus is pleased to present 2734 Noble Road. Ideally situated in a desirable and popular area of Cleveland Heights, this property is a classic multi-family property. It contains 50 units on three floors and the historical occupancy level has been very high. The 50 units are comprised of a mix one and two bedroom units, with each having their own furnace and hot water heater. The mechanicals can be easily accessed by the landlord through a common area. The property includes a 50 car parking garage along with outdoor parking. The property has received regular maintenance, most of the units have been upgraded and the solid masonry structure is in very good condition.
The Elmwood Apartments consists of 16 one bedroom and three two bedroom apartments with newer windows and a newer boiler. Current rents are below market and offer an investor the opportunity to improve operations and realize strong cash flow.