Offering Summary
SHORT SALE OPPORTUNITY! Noble Road Estates is located in the picturesque residential community of Cleveland Heights, Ohio. This garden style 20 suite apartment community consists of 8 one-bedroom suites and 12 two-bedroom suites. The suites provide generous floor plans with large living areas, hardwood floors throughout, spacious ceilings, underground secure parking, laundry facilities, and offer semi-private entrances.
The property is in good physical condition and experiences strong occupancy demand. This property offers investors a chance to acquire a good building in a strong community at significantly discounted pricing. Due to owners' change in plans, this building is available and priced for a quick sale!
Additional Property Highlights:
- Tenants pay for their own electric
- New windows allow for more efficient heating
- Owner pays for heat, water and sewer
- Ample parking within the secure parking garage
- Semi-private entrances
Submarket Overview
This well occupied building is located on a quiet tree-lined street in Cleveland Heights near trendy Coventry, Little Italy, Severance Mall all within minutes. Also in close proximity to Case Western University, University Hospital, & The Cleveland Clinic. On a major public transportation route, this apartment building offers residents easy commutes to significant employment areas around town.
Submarket Demographics |
| Submarket Population: | 49,958 |
| Renter Occupied Housing: | 36.50% |
| Submarket Trend: |
Up
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Property Facts |
| Location: | 2670 Noble Rd., Cleveland Heights, OH |
| Number of Units: | 20 |
| Offering Price: | $635,000 |
| |
| Net Operating Income: | $33,229 |
| Building Occupancy: | 95% |
| Year Built: | 06/03/2009 |
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| Unit Mix: |
| Units | Type |
Avg. Rent |
| 8 | One Bedroom Suites | $562 |
| 12 | Two Bedroom Suite | $670 |
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