Bridge Partners, Inc. Investment Real Estate Properties in Columbus & Cleveland, Ohio

Noble Road Estates

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

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
 
 
Unit Mix:

UnitsType Avg. Rent
8One Bedroom Suites$562
12Two Bedroom Suite$670

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