15000 Euclid Avenue, East Cleveland, OH 44112
Local realty services provided by:ERA Real Solutions Realty
15000 Euclid Avenue,East Cleveland, OH 44112
$2,950,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: douglas j ryan
Office: kw classic properties realty614-451-8500
MLS#:226031753
Source:OH_CBR
Price summary
- Price:$2,950,000
About this home
AFFORDABLE HOUSING ; 41 UNITS GRASMERE APARTMENTS, EAST CLEVELAND. Approximately 90% ++ occupancy and growing. Perfect opportunity for new management to take it over and benefit from all the hard work. The property provides for both 1 and 2 bedroom units depending on how space is utilized by the tenant. The building has had several recent improvements that are significant to the long term performance of this multi-unit apartment building. Major electrical, plumbing and almost all of the units have been refreshed. Low maintenance masonry construction with separately metered electric. Operationally, this building has the ability to provide impressive returns utilizing a past history of market rents and affordable housing programs. A few shell units remain in the lower level providing the possibility to increase the number of total units or enhance with common areas. On site laundry facility, electronic keyed entry, security cameras and recently improved fire alarm system offers convenience for the residents.
The market has responded well to both Section 8 and Eden vouchers. Grasmere Apartments offer affordable 1 & 2 bedroom units located in the 44112 area of Cleveland, minutes away from public transportation, parks, shopping, recreation and the popular University Circle. The units offer newer appliances, walk-in closets, upgraded kitchen and bathroom....
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Home facts
- Year built:1915
- Listing ID #:226031753
- Added:3 day(s) ago
- Updated:August 24, 2026 at 03:10 PM
Structure and exterior
- Year built:1915
- Lot area:0.37 Acres
Finances and disclosures
- Price:$2,950,000
- Tax amount:$41,524
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