13309 S Woodland Road Shaker Heights, OH $ 1,680,000
13309 S Woodland Road
$ 1,680,000
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13309 S Woodland Road

Shaker Heights, OH, 44120
$ 1,680,000
Baths0.0

Monthly Estimate*

$ 11,166

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Studio

Commercial Property for sale in Shaker Heights, OH

for $1,680,000. This building was built in 1920 on a lot size of 0.435.

Turnkey key 17 unit apartment complex waiting for its new owner! This property is a cash flowing machine! Current gross income at an 82.4% occupancy rate is $154,692 with a cap rate of 9.1% before expenses! Units range between 1-3 bedrooms and all are varying with different tudor style layouts for each unit. Featuring grand architecture on the exterior property, this one is a must add to your real estate portfolio! Units include beautiful hardwood flooring, large open living rooms with a ton of natural lighting, new interior paint, lvp flooring and very spacious floor plans! Street parking and parking spaces in the back of the building along with public transportation are available. Each apartment unit can be newly renovated and turned into a condo development for maximum return value, or keep it for your own personal rental portfolio. Mechanics are all newer and in great condition! Close proximity to shopping, restaurants, public transportation, freeway access, hospitals and much more. Hurry! This property will not last long!

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Commercial Active

Price

$ 1,680,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,609

Style

Lot Size

0.435

Year Built

1920

Town/City

Shaker Heights

County/Region

Cuyahoga

MLS | Web ID

5029293

Features
General
Sewer PublicSewer
Heating Gas HotWater Steam
Cooling None
Possession DeliveryOfDeed
Roof Slate
Year Built 1920
Township Shaker Heights
Property SubType Apartment
Tax Year 2022
County Cuyahoga
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Van Sweringen Companys Sub #1
Garage Y/N N
Status Active
Directions off of S Woodland Rd.
City Shaker Heights
View Y/N N
Senior Community Y/N N
High School District Shaker Heights CSD - 1827
Total Units 17
Waterfront Y/N N
Carport Y/N N
Street Name Woodland
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 10609.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 36
Building Area Units SquareFeet
Standard Status Active
Middle/Junior School District Shaker Heights CSD - 1827
Elementary School District Shaker Heights CSD - 1827
Property Sub Type Additional Apartment
Legal Description 430 VANS#11 S/L 269 ALL & 267 WP TRI 0268 ALL
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Interior
Basement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Road
Electric On Property Y/N N
Main Level Bathrooms 0
Total Baths 0
Living Area Units SquareFeet
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Exterior
Parking Features ParkingLot OnStreet
Water Source Public
Lot Size Area 0.435
Spa N
Building Area Total 22360.0
Lot Size Acres 0.435
Lot Size Units Acres
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 13309
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* Excluded Features
List By
Morgan McClain

Listing Agent

Coldwell Banker Schmidt Realty

Broker

Morgan.McClain@cbschmidtohio.com

Email

Affordability Calculator

$12,050
Per Month
93%
7%
0%
Monthly Principal & Interest
$11,166
Monthly Property Taxes
$884
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4457517 Elementary School
4457379 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2024$1,680,000 -0.59% Price Down
4/16/2024$1,690,000 Listed Price

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13309 S Woodland Road, Shaker Heights, OH, 44120 is a Commercial Property for sale at $1,680,000 with a lot size of 0.435. 13309 S Woodland Road is a studio with 0.0 baths and was built in 1920. The property's zip code is 44120 which is in Shaker Heights, OH