2443 Noble Road, Cleveland Heights, OH 44121

Property Description

This solid brick-built 5-unit apartment building is the perfect blend of value and upside potential! Freshly upgraded with a brand-new tear-off roof and gutters (Oct 2024), this low-maintenance gem is 100% occupied and delivering consistent income from day one. The property features four 2-bed/1-bath units and one spacious 3-bed/1-bath unit, all with individual furnaces and private utility closets. Four of the five units have been stylishly updated with modern finishes, including granite countertops, stainless steel appliances, new windows, fresh paint, luxury vinyl plank flooring, modern lighting, and tiled showers. Tenants enjoy the convenience of a coin-operated washer/dryer and ample storage space in the basement. The property also boasts six garage spaces plus surface parking, providing plenty of room for tenant vehicles. Current rents offer a solid return, with room to grow—some rents are below market value, leaving opportunity for increased cash flow at renewal. Plus, the building is lead-certified through 2027 for added peace of mind. Monthly Gross Rent: $5,725 - Unit 1 (2 Bed / 1 Bath): $1,100, Unit 2 (3 Bed / 1 Bath): $1,500, Unit 3 (2 Bed / 1 Bath): $825, Unit 4 (2 Bed / 1 Bath): $1,200, Unit 5 (2 Bed / 1 Bath): $1,100 Whether you're expanding your portfolio or making your first multifamily move, this fully stabilized, high-potential property is a smart pick in any market. No showings without accepted offer!