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16703 Harvard Rd
Cleveland, OH 44128 Lee-Miles

$525,000 USD

Apartments For Sale • 4,692 SF

Property Details

Property Type Apartments
Total Building Size 4,692 SF
Lot Size 0.14 AC
Building Class C
Year Built 1965
Zoning Commercial-Multi-Family

40 Transit Score

79 Walk Score

                
                    Highlights
                
                                6-unit multifamily asset with a strong unit mix: 3 one-bedroom / 3 two-bedroom
                            
                                In-place NOI: approximately $43,068 annually
                            
                                Offered at $525,000, delivering an in-place cap rate of approximately 8.2%
                            
                                Value-add opportunity with immediate upside through leasing the vacant unit and optimizing rents, enhancing cash flow and overall return
                            
                                Tenants pay gas and electric; owner covers water/sewer, common electric, insurance, taxes, and maintenance
                            
                                Well-maintained, income-producing property with immediate cash flow and value-add potential through lease-up of vacant unit and rent optimization

Property Flyers

Harvard Brochure

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Tenant Controlled HVAC
Heating
Smoke Free
Kitchen
Refrigerator
Oven
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Canal Exploration Center (National Park Scenic Railway - Cuyahoga Valley Scenic Railroad)	17 min	-	7.5 mi
Rockside (National Park Scenic Railway - Cuyahoga Valley Scenic Railroad)	15 min	-	7.6 mi
Airport	Drive	Walk	Distance
Cleveland-Hopkins International	31 min	-	18.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	Yes

Kas Filippova 216-374-3689 eXp Commercial

16703 Harvard Rd Cleveland, OH 44128 Lee-Miles