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2740 Hampshire Rd
Cleveland Heights, OH 44106 Cleveland Heights

$5,325,000 USD

Apartments For Sale • 60,268 SF

Property Details

Property Type Apartments
Total Building Size 60,270 SF
Lot Size 0.35 AC
Building Class B
Year Built 1925
Cap Rate 7.70 %
Zoning MF3

30 Transit Score

70 Walk Score

                
                    Highlights
                
                                Premier Location in Proximity to Major Employers and Institutions (Cleveland Clinic, University Hospitals, CWRU)
                            
                                65% Two Bedroom Suites
                            
                                Near Zero Capex Required - Renovated Suites with Updated Electrical 
                            
                                Rare Opportunity to Obtain 52 Units in One of the Region's Strongest Submarkets

Financial Summary (Proforma)

Net Operating Income: $410,202 USD (2026)

Cap Rate:	7.70 %
Total Expenses:	$384,843 USD

Amenities

Air Conditioning
Balcony
Dishwasher
Disposal
Microwave
Washer/Dryer
Heating
Ceiling Fans
Crown Molding
Kitchen
Granite Countertops
Refrigerator
Oven
Stainless Steel Appliances
Range
Tub/Shower
Sunroom
Yard
Garden
Individual Locking Bedrooms

Public Transportation

Commuter Rail	Drive	Walk	Distance
Cleveland Lakefront Station (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid))	21 min	-	9.2 mi
Airport	Drive	Walk	Distance
Cleveland-Hopkins International	32 min	-	18.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	Surface
Included in Rent:	Yes

Nick Soeder 216-403-9294 Adams Lynch Associates

2740 Hampshire Rd Cleveland Heights, OH 44106 Cleveland Heights