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Listed price in listed location currency (USD).
$2,755,000
$2,860,000

000

MLS® 5072641

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $78,286
Approx. Age 1967
MLS® Number 5072641

Property Address: 15229 Maple Park Dr, Maple Heights, OH, 44137-4288

Average square foot calculated using Size range provided by listing agent.

Description

Introducing the Maple 52 investment opportunity—an incredible chance to own a 52-unit apartment portfolio in the thriving suburb of Maple Heights, OH! This portfolio consists of four all-brick buildings on the same street, boasting near full occupancy and huge value-add potential. With cosmetic updates and rent increases, you could significantly boost the already strong returns. Each building has newer gabled roofs and offers an in place cap rate of over 7%, with pro forma potential well into double digits. Many units have seen some updates, but a savvy investor can take this to the next level by adding vinyl flooring, fresh paint, modern fixtures, and minor upgraded kitchens and baths. The portfolio includes three 12-unit buildings and one 16-unit building, all equipped with annually serviced boiler heat and newer hot water tanks. Tenants pay their own electric while owner covers gas and water/sewer. This is a rare “value-add” gem for investors—cash flowing today with massive upside potential through minor cosmetic upgrades. Don’t miss your chance to transform this portfolio and unlock serious profits!
MLS® Number5072641
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1967
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

Sep 26, 2024End Date
$2,755,000Sold Price

Sold

Sep 25, 2024List Date
$2,860,000List Price
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Commute

Starting Address
Destination Address
15229 Maple Park Dr, Maple Heights, OH

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