1615 Ridgefield RoadCleveland Heights, OH 44118

1615 Ridgefield RoadCleveland Heights, OH 44118

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$619,000 Pending
Commercial - Business MLS 5125616 Pending
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Listed By

Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: leilani7b@gmail.com, 440-570-9514

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Look at this 10 UNIT BRICK apartment building in the heart of Cleveland Heights! This charming property offers 10 one bedroom/one bath units! Cash flowing! 7 out of 10 units occupied! Built in 1930- Classic ALL brick construction with 25 plus combined parking spaces! Professional Property Management in place! Current rents: $700/$775/$775/$775/$800/$795/$900 on leases and pay their own electric. Nice parking lot with 25 combined parking spaces! Rent Roll/Expenses in supplements or available upon request. Updates include: ALL units renovated rent ready except 1 unit in basement (untouched)- with 2 vacant units ready for your tenant, 2023 full gas line repairs throughout building over $12K done, Brand New Boiler December 2025! 98% all newer plumbing with PEX or Copper! POS in supplements, funds already escrowed to cover this, as is, buyer to assume. Great Property! High rental demand area! Great location with 12 minutes from Downtown Cleveland, close to Case Western University, parks, shopping, world renown hospital systems: University Hospitals and Cleveland Clinic, museums and more!

1615 Ridgefield Road | MLS# 5125616

This commercial property located at 1615 Ridgefield Road, Cleveland Heights, OH 44118 is currently listed for sale with an asking price of $619,000. Ridgefield Road is located within the Cleveland Hts-Univer - 1810 school district. Search Cleveland Heights real estate on 103randomroad.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Basement: Other
Basement: Yes
Cooling: None
Days on Market: 307
Heating: Hot Water, Steam
Lot Size: 0.14 Acres
Roof Type: Other, Spanish Tile
Stories: 3.0
Taxes: $19,200 / year
Year Built: 1930

Feature Descriptions

Parcel#: 684-03-033
Parking: Asphalt, Parking Lot, On Street
Sewer: Public Sewer
Units: 10
Water: Public

Local Schools

School District: Cleveland Hts-Univer - 1810

Demographics

Cuyahoga County Demographic Information for 1615 Ridgefield Road, Cleveland Heights, OH 44118
Fips
Fips Code 39035
Population
2020 to 2025 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2025 Estimate (V2025) 1,232,925
2020 Estimate (V2025) 1,264,775
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.1%
18 to 64 54.2%
65 and Older 20.5%
Gender
Male 48.0%
Female 52.0%
Place of Birth
Foreign 7.7%
US 92.3%
Education
High School Graduate, Age 25+ 91.5%
Bachelor's Degree or Higher, Age 25+ 36.5%
Computer and Internet use
Households with a computer 94.0%
Households with a broadband Internet subscription 89.5%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 54,264
Income
Per Capita Income $42,747
Median Household Income $64,468
People in Poverty 14.9%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 554,551
Average Household Size 2.20
Owner-Occupied 59.4%
Multi-Family 34.9%
Owner-Occupied Median Value $195,400
Median selected monthly owner costs -with a mortgage $1,570
Median selected monthly owner costs -without a mortgage $671
Median gross rent $1,060
Building Permits
New Private Housing Issued 2024 1,685
Years at Residence
1 Year or More 86.7%
Less Than 1 Year 13.3%
Business and Employment
Private non-farm Establishments 31,496
Private non-farm Employment 681,543
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 110,977
Number of Firms 23,160
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

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