13309 S Woodland Road Shaker Heights, OH 44120
Turnkey key 17 unit apartment complex waiting for its new owner! This property is a cash flowing machine! Current gross income at an 82.4% occupancy rate is $154, 692 with a cap rate of 9.1% before expenses! Units range between 1-3 bedrooms and all are varying with different tudor style layouts for each unit. Featuring grand architecture on the exterior property, this one is a must add to your real estate portfolio! Units include beautiful hardwood flooring, large open living rooms with a ton of natural lighting, new interior paint, lvp flooring and very spacious floor plans! Street parking and parking spaces in the back of the building along with public transportation are available. Each apartment unit can be newly renovated and turned into a condo development for maximum return value, or keep it for your own personal rental portfolio. Mechanics are all newer and in great condition! Close proximity to shopping, restaurants, public transportation, freeway access, hospitals and much more. Hurry! This property will not last long!
- Property TypeCondo
- NeighborhoodVan Sweringen Companys Sub #1
- CountyCuyahoga
- Taxes$10,609
- HOA/Condo/Coop Fees$0
- Days on Site22 Days
- MLS StatusActive
- MLS ID Number5029293
- Home Size Source N/A
- Year Built1920
- Lot Size0.435 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Parking LotOn Street
- Sewer Public Sewer
- Basement Unfinished
- Acreage 0.435
- Water Public
- Property Sub Type Apartment
- Attached Garage No
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating GasHot WaterSteam
Exterior Features
- Roof Slate
Community Features
- Township Shaker Heights