2374 EUCLID HEIGHTS BLVD Cleveland OH 44106-2729

Heights Apartments at Cedar Fairmount offers an investor the unique opportunity to purchase 30 units in one of the most desirable rental markets in Northeast Ohio. The property has 16 one bedrooms (650 SF) and 14 two bedrooms, 1 and 1.5 bathrooms (800-1075 SF). The Cedar Fairmount Shopping District is only a few minute walk and it consists of Starbucks, Dave’s Grocery Store, banks, restaurants and other convenience retailers. Heights Apartments at Cedar Fairmount is also within walking distance or a shuttle bus ride to Case Western Reserve University, University Hospitals, The Cleveland Clinic Foundation and University Circle, home to Cleveland’s cultural institutions. Significant upside exists for a new investor to bring rents in line with rising market rents. One bedrooms average $1.55/SF and two bedrooms average $1.30/SF. Rising market rents and recent new developments in the area are approaching asking rents over $2/SF. The Heights Apartments at Cedar Fairmount offer an investor the opportunity to increase cash flow by taking advantage of growing market rents in a premier location.

Potential to increase annual income substantially with improved management by bringing rents to market

Desirable Location in Cedar Fairmount Shopping District

Walking Distance to Case Western Reserve University and University Hospitals

Less than Two Miles from Cleveland Clinic and Short Drive to Downtown Cleveland

In-suite washers and dryers in 100% of the apartments

High speed internet/Wi-Fi

Updated electrical breaker panels and wiring in each apartment

Residents pay cooking gas and electricity including heat (individually metered)

Landlord pays water, sewer, trash, common area electric and Wi-Fi

26 car underground garage and 10 car surface parking behind the building

Elevator

Controlled access and intercom

Fitness center and Outdoor Patio

Storage lockers