5151 Lee Rd | Maple Heights, OH 44137
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- LoopNet Team
5151 Lee Rd
Maple Heights, OH 44137
Maple Lee Apartments · Multifamily Property For Sale
·
34 Units
INVESTMENT HIGHLIGHTS
- More Than $800,000 of Capital Improvements Since 2021
- Upside Through Management Efficiencies (Out-of-Town Ownership)
- Less Than 20 Minutes to Downtown Cleveland
- Ability to Implement Utility Reimbursement ($15,000+ to NOI)
- Minutes From Significant Employment (Amazon Fulfillment, JACK Racino, Cleveland Clinic Marymount)
PROPERTY FACTS
| No. Units | 34 | Building Size | 31,050 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1958/2022 |
| Building Class | C | Parking Ratio | 1.06/1,000 SF |
| Lot Size | 0.88 AC | ||
| Zoning | NC - Multi-Family | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 31,050 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1958/2022 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | NC - Multi-Family |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 22 | $850.00 | 600 |
| 2+1 | 12 | $950.00 | 800 |
PROPERTY TAXES
| Parcel Number | 781-21-056 | Improvements Assessment | $390,425 |
| Land Assessment | $53,480 | Total Assessment | $443,905 |
PROPERTY TAXES
Parcel Number
781-21-056
Land Assessment
$53,480
Improvements Assessment
$390,425
Total Assessment
$443,905
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