Pride of Ownership Meets Cash-Flowing Opportunity | 7-Unit Near Shaker Square Welcome to 2932 S Moreland—where investor opportunity meets exceptional pride of ownership. Lovingly maintained by the current owner as if it were his own residence, this 7-unit all-2-bedroom building offers rare stability, strong financials, and untapped upside—all just minutes from the shops, restaurants, and transit of Shaker Square. Currently fully occupied at $5,700/month, with market rents over $8,300/month, this property offers nearly $40K/year in NOI growth through simple rent adjustments—no major renovations needed. Most tenants are long-term and on month-to-month leases, giving the next owner the ability to increase rents almost immediately. One unit is Section 8, with the tenant contributing $400 toward rent. Property will cash flow $238/ unit/ month AFTER debt service once rents are increased. Within the last 10 years the building has undergone significant improvements , including: New vinyl windows throughout Interior updates in all units Modernized systems Coin-operated laundry (owner-owned) Private parking lot with potential for added revenue Individually metered electric and gas – tenants pay their own heat and utilities Boiler retired with electric baseboard heat Sewer line under went extensive repair in 2025 With a verified lead-free certificate (good through Jan 2026) and no Point-of-Sale requirements like neighboring Shaker Heights, this property offers peace of mind and smooth operations. Value-add potential doesn’t stop at rents—charge for parking and utilities, or simply bring units to market rate for a projected cap rate over 10%. This is a high-performing asset in a sought-after rental corridor And with a DSCR over 1.25%, it qualifies for most financing options, making it ideal for both new and seasoned multifamily investors. Properties like this—where pride of ownership meets real upside—don’t hit the market often. Schedule your tour today and step into a truly turnkey opportunity.