5201 Warrensville Center Road, Maple Heights, OH, 44137

Highlights

• Two 11 unit buildings with 3 bed/2 bath house in between
• Three: Studios
• Eleven: 1 bed /1 bath units
• Eight: 2 bed /1 bath units
• One: 3 bed/ 2 bath house
• Amenities:
• Two laundry rooms
• Individualized Storage closets
• Parking lots with carports for every unit
• Inside doorway mail boxes
• Recent Updates:
• New plumbing
• New remodeled bathrooms
• New flooring - LVP in most units
• New roof 2022
• New electric updates
• Updated 18 out of 23 units
• 15 new high-efficiency furnaces, 15 new hot water tanks
• Updated kitchens: new countertops/knobs, new fixtures & floors
• Value Add Opportunities:
• With most units below market rent and 13 units on a month-to-month basis, there’s an opportunity for increased NOI.
• Expenses:
• Tenants cover their own gas and electric
• The owner is responsible for water, trash, sewer, and common area utilities.

Description

Each unit boasts expansive open living areas filled with natural light, fresh interior paint, and spacious floor plans. Upgrades include modern vinyl plank flooring, tiled showers, and contemporary kitchens. This complex features 15 new high-efficiency furnaces, 15 new hot water tanks, and updated electrical systems in all 23 units. The roofs were replaced in 2022, ensuring low maintenance. With most units below market rent and 13 units on a month-to-month basis, there’s an opportunity for value add and increased NOI. Tenants cover their own gas and electric, while the owner is responsible for water, trash, sewer, and common area utilities. Additional in-house laundry facilities provide an extra revenue stream to maximize your NOI. Don't miss this exceptional opportunity!

Welcome to this exquisitely renovated ALL BRICK 23-unit complex, perfectly positioned adjacent to major highways and in close proximity to Amazon’s state-of-the-art fulfillment centers and Jack Casino. Enjoy the convenience of being within walking distance to major shopping centers.