Map of Property

1502 Coventry Rd

1502 Coventry Rd, Cleveland, OH 44118

  • For Sale $2,000,000
  • Property Type Other
  • Lot Size 0.73 Acre
  • Additional Rent Contact for pricing
  • Year Built 1946
  • Date Updated Sep 16, 2024
  • Website www.cbcworldwide.com
CALLING ALL INVESTORS looking to expand their investment portfolio! If you are looking for a turnkey apartment complex then look no further! This property features 22 units (4 which are 1 bed/bath and 18 which are 2 bed/1bath.) All units are completely renovated, turnkey and are immediately ready for tenants! This building is currently being used as a sober living facility so it does not have any running financials records for rents. Current comparable apartment rents in the area range from 1,000-1,200 a unit. Proforma gross income can be projected at a conservative amount of $26,000. This would put your gross rental income at $312,000 a year, which gives you a 15.6% cap rate before expenses! This will not last long! It's in close proximity to RTA transportation, freeway access, restaurants, hospitals, the Cleveland Heights community center, and is close to downtown Cleveland! Do not miss this opportunity today! Schedule your showing!

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Highlights

  • Roof: Composition Shingle
  • Water: Municipal Water
  • Heating - Fuel Type: Hydro Heat
  • Sewer: Public
  • Cooling: Window A/C
  • Heating Type: Steam Heat

Contacts

broker

Morgan McClain

Coldwell Banker Schmidt Realty

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent

  • Transit Score ®

    51/100 Good Transit

  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City Cleveland, OH
  • Neighborhood East Cleveland
  • Zip Code 44118
  • Market Cleveland Akron

Points of Interest

  • Stokes-Windermere Station

    0.84 miles

  • Cedar–University

    1.78 miles

  • Coventry

    2.45 miles

  • East 79th

    3.53 miles

  • Warrensville–Van Aken

    4.29 miles

  • West 3rd

    6.17 miles

  • Rockside

    9.08 miles

  • West Boulevard–Cudell

    9.26 miles

  • BP

    0.46 miles

  • Marathon

    0.47 miles

  • Shell

    0.54 miles

  • Marathon Gas Station

    0.79 miles

  • Gas USA

    1.02 miles

  • Sunoco

    1.13 miles

  • Mobil

    1.37 miles

  • Sunoco

    1.40 miles

  • Marathon

    1.45 miles

  • Hayden Gas & Go

    1.53 miles

  • Municipal Lot 11

    0.43 miles

  • Municipal Lot 10

    0.53 miles

  • Recreation Center parking

    0.53 miles

  • Municipal Lot 3

    0.55 miles

  • Municipal Lot 13

    0.59 miles

  • Municipal Lot 24

    0.60 miles

  • Municipal Deck 20C

    0.60 miles

  • Municipal Lot 31

    0.63 miles

  • Municipal Lot 20

    0.66 miles

  • Municipal Lot 14

    0.66 miles

  • Courtyard Cleveland University Circle

    1.43 miles

  • Glidden House

    1.45 miles

  • Town House Motel

    1.60 miles

  • Noble Motel

    1.62 miles

  • Star's Compound

    1.81 miles

  • Tudor Arms Hotel

    2.04 miles

  • Residence Inn

    2.05 miles

  • InterContinental Hotel Cleveland

    2.29 miles

  • InterContinental Suites Hotel Cleveland

    2.50 miles

  • Holiday Inn Cleveland Clinic

    2.56 miles

  • Pizza Hut

    0.49 miles

  • Best Steak N Gyros

    0.50 miles

  • Mr. Hero

    0.50 miles

  • Pacific East

    0.51 miles

  • Grum's Sub Shoppe

    0.52 miles

  • Taco Bell

    0.52 miles

  • Pho & Rice

    0.52 miles

  • High Thai'd

    0.53 miles

  • Amazing Wok

    0.55 miles

  • Papa John's

    0.55 miles

  • Superior Elementary School

    0.39 miles

  • CEOGC Head start

    0.76 miles

  • Boulevard Elementary School

    0.97 miles

  • Mary McLeod Bethune Public School

    1.11 miles

  • Cleveland Montessori School

    1.13 miles

  • Cedar Hill School

    1.17 miles

  • Cleveland Institute of Art

    1.20 miles

  • Shaw High School

    1.27 miles

  • Lakewood University

    1.32 miles

  • Mandel Center for Nonprofit Organizations

    1.34 miles

  • Toddle Inn

    1.31 miles

  • The Centers for Families and Children

    1.59 miles

  • EBC Child Care

    1.87 miles

  • Kindercare Daycare

    2.15 miles

  • Discovery Preschool

    2.21 miles

  • Yabi Jewish Nursery & Child Care

    2.77 miles

  • Share One Teach One Academy

    2.91 miles

  • Precious Gem Childcare Center

    3.08 miles

  • Character Academy Early Learning Center

    3.12 miles

  • Collinwood academy childcare

    3.30 miles

Frequently Asked Questions

How much does 1502 Coventry Rd cost?

The space currently listed for sale at 1502 Coventry Rd asks for $2,000,000.

When was this property built?

1502 Coventry Rd was built in 1946.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Morgan McClain

Coldwell Banker Schmidt Realty