Apartments For Sale • 23,712 SF
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. |
Airport | Drive | Walk | Distance |
---|---|---|---|
Cleveland-Hopkins International | 40 min | - | 26.6 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 18 |
Type: | Surface |
Included in Rent: | Yes |