For Sale Apartment

2762 Noble Road, Cleveland Heights, OH

2762 Noble Road, Cleveland Heights, OH, 44121

Property Details

Apartment

Description

Eight 1 bed/1 bath apartments. Electrical in the units was updated within the last 3 years. Lead safe certified with the 20-year option. 2026 city certificate of rental occupancy. Scheduled rent is $5,729/month. Current rents range from $625 to $775, so bringing older leases up to market is a clear value-add. One unit is vacant and ready to lease. Units are separately metered. Owner pays water only. Seller financing available: 60% down, 7% interest, 20-year amortization, 3-year balloon. Buy this building on its own, or as part of a 25-unit, 4-building portfolio with 2565-69 Noble, 2657 Noble and 4016 Silsby.