Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Bailey Platek Group
Agent Phone: (330) 323-6023
Agency Title: Cutler Real Estate
TOUR PROPERTY
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Property Description
Rare opportunity to acquire a stabilized, 65-unit condo portfolio within a 268-unit community in the high-demand submarket of Euclid, Ohio offering both immediate yield and long-term upside. Comprising entirely of two-bedroom, one-bath townhome style units, this portfolio sits at 98% occupancy and is operating at a strong 10+% cap rate on actuals based on an asking price of $3.4M, with a clear trajectory to exceed double-digit returns through strategic rent increases on renewals. Currently grossing nearly $60,000 per month, the portfolio has a proforma monthly rent of over $66,000 once minor rent bumps are put into place. The majority of units were renovated between 2023 and 2025, minimizing near-term capital needs and enhancing tenant appeal. This is a rare chance for sophisticated investors to secure scale, control, and performance in a tight rental market. Serious inquiries only.
Property Features
Property Type: Commercial - Business
Basement: Yes
Days on Market: 264
Heating: Forced Air
Lot Size: 1.67 Acres
Taxes: $49,106 / year
Year Built: 1951
Feature Descriptions
Parcel#: 643-02-446
Sewer: Public Sewer
Water: Public
Local Schools
School District: Euclid City
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522 Clearview Drive | MLS# 5147897
This commercial property located at 522 Clearview Drive, Euclid, OH 44123 is currently listed for sale with an asking price of $3,400,000. Clearview Drive is located within the Euclid City school district. Search Euclid real estate on baileyplatekgroup.cutlerhomes.com today.