2734 NOBLE RD Cleveland OH 44121-2243

For registration requirements and regulations, please review here or contact Hannah Ladenheim | 936-274-1332 | [email protected].

Promenade Apartments at 2737 Summit Park Ave, Cleveland Heights, OH 44121 presents a compelling value-add multifamily opportunity in one of Northeast Ohio’s most established rental markets. This 50-unit community offers a balanced mix of 25 one-bedroom and 25 two-bedroom apartments, creating broad tenant appeal and strong leasing potential. Situated on approximately 1.75 acres, the 49,044 SF property features individually metered electric and gas, helping reduce owner expenses, along with desirable garage parking for residents. Offered on an as-is basis, the asset has experienced recent under-management, creating a rare opportunity for an investor to reposition the property, improve operations, and unlock meaningful upside. With attractive in-place fundamentals and a pro forma that projects strong income growth through lease-up and professional management, Promenade Apartments is well positioned for both immediate value creation and long-term cash flow. The property’s Cleveland Heights location offers convenient access to major employers, universities, healthcare institutions, and everyday retail, supporting sustained rental demand. For investors seeking below-replacement-cost pricing with clear operational upside, Promenade Apartments stands out as an exceptional acquisition opportunity!

• Non-Contingent
• Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
• Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
• $10,000 Participation Deposit

2734 Noble Rd, Cleveland Heights, OH 44121

OH Auctioneer: Stephen Dawson, OH 2023000138

• Separately Metered Utilities
• Garage Parking
• Strong Location in Popular Submarket