2215 Overlook RD new Save Request In-Person Tour Request Virtual Tour
Cleveland Heights,OH 44106
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Euclid Heights Allotment
MLS Listing ID 5122361
HOA Y/N No
Year Built 1973
Annual Tax Amount $53,844
Tax Year 2024
Lot Size 0.886 Acres
Acres 0.886
Property Sub-Type Apartment
Property Description
Welcome to Overlook Arms, a rare 20-unit multifamily investment opportunity located just steps from Little Italy, the Cleveland Clinic Main Campus, and Case Western Reserve University. This ideally positioned property offers a secluded suburban feel while being surrounded by vibrant bars, restaurants, and nightlife. With 16 one-bedroom and 4 two-bedroom units, the building is perfect for student housing or market-rate tenants seeking unbeatable convenience. Ten of the units have been fully renovated and four more lightly updated, allowing for immediate upside through increased rents. Residents enjoy a spacious common entryway, on-site coin-operated laundry, covered parking, and a flat utility reimbursement as well as cable and internet, boosting cash flow. Overlook Arms combines prime location and easy value-add potential—making it a must-see asset in one of Cleveland's most desirable rental markets.
Location
State OH
County Cuyahoga
Interior
Heating Hot Water,Steam
Fireplace No
Exterior
Parking Features Covered,On Site,Paved
Water Access Desc Public
Building
Foundation Slab
Sewer Public Sewer
Water Public
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 685-02-010
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard