OH
Cuyahoga
Euclid
44123
522 Clearview Drive
522 Clearview Drive, Euclid, OH 44123
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Listing Type
Commercial/Industrial
Listing Status
Active
35
$3,400,000

Home Details for 522 Clearview Drive

Price
$3,400,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1951
Lot size acres
1.67
County
Cuyahoga
Garage
Days on site
123
MLS Listing#
5147897
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.

Property Features
  • Heating Information
    • Forced Air
  • Water Features
    • Public
Listing Courtesy: Russell Real Estate Services - 440-201-9850
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information provided courtesy of the Northern Ohio Regional Multiple Listing Service.
Last Updated: 2025-12-12 16:01:40
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EXIT RIVERBEND REALTY
220 Main St, Belpre, OH 45714
Jim Richards
CA BRE: #: WVS180300267
License #: sal.2019007897
Sales Representative
Office
740 860 3555
Agent
304 210 7379
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