Euclid, OH 44123,522 Clearview DR
Euclid, OH 44123,522 Clearview DR
Euclid, OH 44123,522 Clearview DR
Euclid, OH 44123,522 Clearview DR
Euclid, OH 44123,522 Clearview DR
Euclid, OH 44123,522 Clearview DR
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Shawana Hanson

Shawana Hanson

+1(216) 971-3161
$ 3,400,000
Est. payment | /mo

1.67 Acres Lot

Save
$ 3,400,000
Est. payment | /mo
Save

1.67 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Blisswood Village Condo

MLS Listing ID 5147897

HOA Y/N No

Year Built 1951

Annual Tax Amount $49,106

Tax Year 2024

Lot Size 1.670 Acres

Acres 1.67

Property Sub-Type Apartment

Property Description

Rare opportunity to acquire a stabilized, 65-unit condo portfolio within a 268-unit community in the high-demand submarket of Euclid, Ohio offering both immediate yield and long-term upside. Comprising entirely of two-bedroom, one-bath townhome style units, this portfolio sits at 98% occupancy and is operating at a strong 10+% cap rate on actuals based on an asking price of $3.4M, with a clear trajectory to exceed double-digit returns through strategic rent increases on renewals.

Currently grossing nearly $60,000 per month, the portfolio has a proforma monthly rent of over $66,000 once minor rent bumps are put into place. The majority of units were renovated between 2023 and 2025, minimizing near-term capital needs and enhancing tenant appeal. As the majority owner in the community, the new owner will gain substantial influence over community decisions, positioning them to drive value through strategic enhancements and governance.

This is a rare chance for sophisticated investors to secure scale, control, and performance in a tight rental market. Serious inquiries only.

Location

State OH

County Cuyahoga

Interior

Heating Forced Air

Fireplace No

Exterior

Water Access Desc Public

Present Use Residential,Single Family

Building

Sewer Public Sewer

Water Public

Schools

School District Euclid Csd - 1813

Others

Tax ID 643-02-446

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Northern Ohio Regional MLS (YES-MLS)
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687
Shawana Hanson

"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."

+1(216) 971-3161

info@luxehauscle.com

1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States

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522 Clearview DR