Alan Perlman - Commercial Real Estate Showcase

Alan Perlman Property Listings
Alan Perlman
No Address Provided
Beachwood, OH 44122
(440) 749-0503

2450 Overlook Road - Roosevelt Apartments

Cleveland Heights, OH 44106 - Cedar-Fairmount MF Submarket

Property Type:Multi-Family Number of Units:40 Status:Existing Year Built:1915
Stories:4 Building Size:31,036 SF Land Area:.45 AC (19,602 SF)
For Sale Price:$5,500,000 Price/Unit:$137,500.00 Cap Rate:6.00 % GRM:-

Parking:.64 Parking Spaces / 1,000 SF

Sale Notes:
40 unit apartment building with 34 one bedrooms (average square footage is 600 SF)and 6 two bedrooms(average square footage is 840 SF); extensively renovated with updated kitchens and bathrooms, hardwood floors, on-site parking and garages, 4 story walk-up, fitness center, all apartments have one full bath; individually metered for cooking gas and electricity; owner pays gas for hot water and heat, common area electric and water, sewer and trash; window air conditioners are provided by owner; on-site fitness center and laundry machines; building wide Wi-Fi services

Superb location. Walking distance to Case Western Reserve University, University Hospitals, VA Medical Center, various University Circle cultural institutions, shopping, banks and grocery store; 5 minute drive to The Cleveland Clinic Foundation and 10 to 15 minute drive to downtown Cleveland.

Currrent average rents for one-bedrooms: $875.
Current average rents for two-bedrooms: $1,150.

Alan Perlman
Alan Perlman
(440) 749-0503

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