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47 photos
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$899,000
Est. payment /mo
6,625 Sqft Lot
UPDATED:
02/18/2025 09:31 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Euclid Heights
MLS Listing ID 5095915
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1917
Annual Tax Amount $25,295
Tax Year 2024
Lot Size 6,625 Sqft
Acres 0.1521
Property Sub-Type Apartment
Property Description
Charming Multi-Unit Investment Opportunity–Turtle Park Apartments. Affectionately named after the park adjacent to the building. Charm and character abound in this exceptional income-generating opportunity in the heart of Cleveland Heights! Turtle Park Apartments features 8 spacious suites—(6) 3BR/1BA and (2) 2BR/1BA units. As tenants have moved out, half of the units have been thoughtfully updated with new kitchens, baths, fresh paint, modern fixtures, appliances, and windows. With a proforma rental income of $10,250 per month, this property is primed for strong returns. Key updates include plumbing and electrical improvements, as well as a repaired and updated main sewage line. The roof and boiler are in excellent condition and are regularly serviced. Additional features include: 6 parking spaces (3 covered, 3 uncovered), motion-activated common area lighting for efficiency and safety, on-site coin laundry for additional income. Two vacant units available for viewing; all updated units are currently rented. Photos showcase one updated unit and two non-updated units—all updated units reflect the updated unit photos. Ideally located near downtown, major hospitals, universities, and all that Coventry has to offer, this is a prime opportunity for investors looking for a well-maintained, income-producing asset. Don't miss out!
Location
State OH
County Cuyahoga
Interior
Heating Hot Water, Radiator(s), Steam, Zoned
Cooling Ceiling Fan(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Driveway, Detached, Garage, On Street
Water Access Desc Public
Roof Type Flat
Present Use Residential
Building
Foundation Slab
Sewer Public Sewer
Water Public
Construction Status Updated/Remodeled
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 685-09-073
Security Features Fire Escape
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Listed by Robert Gallmann • RE/MAX Haven Realty • Robert@ClevelandHomes.com 440-343-0314