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$2,860,000
57 Days On Site

15229 Maple Park Drive
Maple Heights, OH 44137

For Sale|Apartment|Pending
0
Beds
0
Full Baths
0
Partial Baths
34,232
SqFt
$84
/SqFt
1967
Built
Subdivision:
Bedford
County:
Cuyahoga

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15229 Maple Park Drive15229 Maple Park Drive15229 Maple Park Drive15229 Maple Park Drive
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Introducing the Maple 52 investment opportunity—an incredible chance to own a 52-unit apartment portfolio in the thriving suburb of Maple Heights, OH! This portfolio consists of four all-brick buildings on the same street, boasting near full occupancy and huge value-add potential. With cosmetic updates and rent increases, you could significantly boost the already strong returns. Each building has newer gabled roofs and offers an in place cap rate of over 7%, with pro forma potential well into double digits. Many units have seen some updates, but a savvy investor can take this to the next level by adding vinyl flooring, fresh paint, modern fixtures, and minor upgraded kitchens and baths. The portfolio includes three 12-unit buildings and one 16-unit building, all equipped with annually serviced boiler heat and newer hot water tanks. Tenants pay their own electric while owner covers gas and water/sewer. This is a rare “value-add” gem for investors—cash flowing today with massive upside potential through minor cosmetic upgrades. Don’t miss your chance to transform this portfolio and unlock serious profits!

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Listing Snapshot
Price 
$2,860,000
Days On Site 
57 Days
Bedrooms 
N/A
Inside Area (SqFt) 
34,232 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.596 Acres
Year Built 
1967
MLS® Number 
5072641
Status 
Pending
Property Tax 
$78,286
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoStatus changed to Pending
2 months agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
2.596
Additional Property Use 
Residential
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
34232
Water Source 
Public
Interior Features
Heating 
Hot WaterSteam
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Community Features
Financing Terms Available 
CashConventional
School District 
Maple Heights CSD - 1818
Township 
Maple Heights
Schools
School District
Maple Heights CSD - 1818
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Tal Tamir of Russell Real Estate Services



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2024 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
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