Introducing the Maple 52 investment opportunity—an incredible chance to own a 52-unit apartment portfolio in the thriving suburb of Maple Heights, OH! This portfolio consists of four all-brick buildings on the same street, boasting near full occupancy and huge value-add potential. With cosmetic updates and rent increases, you could significantly boost the already strong returns. Each building has newer gabled roofs and offers an in place cap rate of over 7%, with pro forma potential well into double digits. Many units have seen some updates, but a savvy investor can take this to the next level by adding vinyl flooring, fresh paint, modern fixtures, and minor upgraded kitchens and baths. The portfolio includes three 12-unit buildings and one 16-unit building, all equipped with annually serviced boiler heat and newer hot water tanks. Tenants pay their own electric while owner covers gas and water/sewer. This is a rare “value-add” gem for investors—cash flowing today with massive upside potential through minor cosmetic upgrades. Don’t miss your chance to transform this portfolio and unlock serious profits!

Based on information submitted to MLS Now as of October 12, 2024 8:57 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Don Petrasek

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Property Details of 15229 Maple Park Drive

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Other Details

Water

Map Location

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