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1400 Ranchland Dr
Mayfield Heights, OH 44124

Price Upon Request

Apartments For Sale  •  23,712 SF

Property Details

  • Property Type Apartments
  • Total Building Size 26,400 SF
  • Lot Size 0.73 AC
  • Building Class C
  • Year Built 1965
  • Zoning N/Av, Mayfield
28 Transit Score
72 Walk Score

Highlights

Proven Value-Add Opportunity: Approximately 5 of the 16 units have been renovated that are generating rent premiums between $300-600/month.
Significant Upside Through Organic Rent Growth: Current rents are 20%+ below market.
Prime Location: Ranchland Gardens is located at the intersection of Mayfield Rd and Ranchland Drive surrounded by numerous walkable retail amenities
Proven Operating History: The property is currently 100% occupied and has been consistently full for years.
Spacious Layouts: Each town-home is a two-story building plus a basement with 2 beds and one and a half bath.
Unique Features: Each town-home comes with a ground level patio and an upstairs balcony off of the master bedroom.

Amenities

  • Balcony
  • Heating
  • Kitchen

Public Transportation

AirportDriveWalkDistance
Cleveland-Hopkins International 40 min - 26.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: Surface
Included in Rent: Yes
Jamie Dunford 440-823-1266 CBRE
Jamie Dunford 440-823-1266 CBRE