Commercial Real Estate for Sale at 3214 Berkshire Road in Cleveland Heights, OH for $1,670,000

Listing data updated January 29, 2025 - 4:16am
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3214 Berkshire Road | Cleveland Heights

$1,670,000 | 0.0 Sq. Ft.

This 19-unit brick building in Cleveland Heights offers an excellent investment opportunity, featuring 16 one-bedroom units and 3 two-bedroom units in a fully secured building. Recent upgrades make this property turn-key and ready for new ownership. The building boasts a brand new boiler with a 10-year warranty, secondary heat sources installed in each unit, updated main and unit electrical panels. Additional revenue comes from a secure detached parking garage and a coin-operated laundry facility, adding to its appeal. A new intercom system enhances tenant safety, and the property is point of sale compliant, requiring no further work before transfer. With many units updated and significant capital improvements already completed, this building provides a low-maintenance, high-potential investment in a desirable Cleveland Heights location. Ideal for investors looking to expand their portfolio and add value with increasing rents up to market. This property is positioned for strong returns and consistent cash flow. Don MLSNow 5095310

Directions to property: Lee Rd onto Berkshire Rd

MLS Listing ID: 
MLSNow 5095310
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Contingent
Listing Pricing
Pricing information for this listing.
List Price: 
$1,670,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland Heights
Address: 
3214 Berkshire Road, Cleveland Heights, OH 44118
County: 
Cuyahoga
Latitude: 
41.5047720
Longitude: 
-81.5648650
Directions: 
Lee Rd onto Berkshire Rd
Public Remarks: 
This 19-unit brick building in Cleveland Heights offers an excellent investment opportunity, featuring 16 one-bedroom units and 3 two-bedroom units in a fully secured building. Recent upgrades make this property turn-key and ready for new ownership. The building boasts a brand new boiler with a 10-year warranty, secondary heat sources installed in each unit, updated main and unit electrical panels. Additional revenue comes from a secure detached parking garage and a coin-operated laundry facility, adding to its appeal. A new intercom system enhances tenant safety, and the property is point of sale compliant, requiring no further work before transfer. With many units updated and significant capital improvements already completed, this building provides a low-maintenance, high-potential investment in a desirable Cleveland Heights location. Ideal for investors looking to expand their portfolio and add value with increasing rents up to market. This property is positioned for strong returns and consistent cash flow. Don
Community Information
School District: 
Cleveland Hts-Univer - 1810
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1930
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Dual System,Electric,Radiator(s)
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.38
Lot Size (Area): 
0.38
Lot Features
Parking Type: 
Assigned,Garage,On Street
Total Parking Spaces: 
15
Public Record
Parcel Number: 
687-02-028
Annual Tax: 
$40,591.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Charles Lewis
Listing Co-Agent Name: 
Zachary Rohrbough
Listing Office Name: 
Home Equity Realty Group
Listing Co-Office Name: 
Home Equity Realty Group

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