2649 Noble RoadCleveland Heights, OH 44121

Property Description

Expand your investment portfolio with this 6-unit brick apartment building in Cleveland Heights! This commercial property offers spacious layouts, existing rental income, & an opportunity to increase occupancy with a renovated vacant unit. Each apartment features 2 bedrooms, 1 full bathroom, a generous living room, & a functional kitchen with an adjoining dining area, providing a comfortable layout for everyday living. The property features vinyl windows, updated electrical panels, & individual in-suite furnaces & water heaters. A common laundry area adds convenience for residents, while the basement provides additional storage & potential for future improvements. An attached 6-car garage offers covered parking, further enhancing the building's amenities. Currently vacant, Unit 4 presents an opportunity to select a new tenant & add to the property's rental income. This spacious apartment features hardwood flooring throughout, a renovated kitchen with white shaker-style cabinets, granite countertops, & a new dishwasher. An updated bathroom with a tiled tub surround complements the refreshed kitchen, creating an appealing rental offering. Existing rental income includes Unit 1 at $750/mo with a lease through 03/31/2027; Unit 2 at $750/mo, Unit 3 at $845/mo on a month-to-month lease, with an increase of $920/mo. starting 12/1/26. Unit 4, is vacant and the market rent is $1,100/mo. Unit 5 rents at $1,040/mo, lease is through 6/30/2027. Unit 6 rents at $1,020/mo on a month-to-month lease. Located in Cleveland Heights near the Noble Neighborhood Library, the property also benefits from the community's parks & recreational amenities, with shopping, dining, & public transportation in the surrounding area. With six two-bedroom units, individual mechanical systems, garage parking, & a renovated vacancy, this property deserves a closer look for your next investment! Schedule your showing. No wholesalers. No Seller financing. No low ball offers.

Property Features

Local Schools