2443 Noble RD new Save Request In-Person Tour Request Virtual Tour
Cleveland Heights,OH 44121
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Noble Park Allotment
MLS Listing ID 5135533
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1951
Annual Tax Amount $9,411
Tax Year 2024
Lot Size 0.277 Acres
Acres 0.2767
Property Sub-Type Apartment
Property Description
This solid brick-built 5-unit apartment building is the perfect blend of value and upside potential! Freshly upgraded with a brand-new tear-off roof and gutters (Oct 2024), this low-maintenance gem is 100% occupied and delivering consistent income from day one.
The property features four 2-bed/1-bath units and one spacious 3-bed/1-bath unit, all with individual furnaces and private utility closets. Four of the five units have been stylishly updated with modern finishes, including granite countertops, stainless steel appliances, new windows, fresh paint, luxury vinyl plank flooring, modern lighting, and tiled showers.
Tenants enjoy the convenience of a coin-operated washer/dryer and ample storage space in the basement. The property also boasts six garage spaces plus surface parking, providing plenty of room for tenant vehicles.
Current rents offer a solid return, with room to grow—some rents are below market value, leaving opportunity for increased cash flow at renewal. Plus, the building is lead-certified through 2027 for added peace of mind.
Monthly Gross Rent: $5,725 - Unit 1 (2 Bed / 1 Bath): $1,100, Unit 2 (3 Bed / 1 Bath): $1,500, Unit 3 (2 Bed / 1 Bath): $825,
Unit 4 (2 Bed / 1 Bath): $1,200, Unit 5 (2 Bed / 1 Bath): $1,100
Whether you're expanding your portfolio or making your first multifamily move, this fully stabilized, high-potential property is a smart pick in any market. No showings without accepted offer!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling Ceiling Fan(s),Window Unit(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Garage,Parking Lot
Water Access Desc Public
Roof Type Flat
Building
Foundation Basement
Sewer Public Sewer
Water Public
Construction Status Updated/Remodeled
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 682-11-045
Acceptable Financing Cash,Conventional,1031 Exchange,FHA
Listing Terms Cash,Conventional,1031 Exchange,FHA
Special Listing Condition Standard