2122 Surrey Road, Cleveland Heights, OH 44106

Property Description

Prime Investment Opportunity in Cedar/Fairmount! On the market for the first time since 1983, this well-maintained, locally owned, and self-managed five-unit apartment building offers a fantastic investment opportunity. Whether you’re looking for a long-term rental property, str/mtr property or a value-add opportunity, this versatile asset fits multiple investment strategies. The property features four spacious three-bedroom units (ideal as two bedrooms plus an office) with one full bathroom each, plus a fifth garden-level one-bedroom unit. The four above-grade units are nearly identical, with a few featuring open-concept kitchens connected to the dining rooms. Each unit includes a charming sunroom at the front, a third bedroom/office with access to a rear balcony and staircase, tall ceilings, hardwood floors, and plenty of classic Cleveland Heights character. The basement level offers additional amenities, including a garden-level one-bedroom unit, shared laundry facilities, tenant storage lockers, and extra storage space. Each unit has both front and rear access, as well as access to the common basement. The property also includes a four-car garage for tenant parking. This building is heated one central boiler. Cooking gas with dedicated meters. Tenants pay their own gas and electric (basement unit electric bill is on the house)Unbeatable Location! Situated in the heart of Cedar/Fairmount, this location is truly exceptional. Walk to top-rated restaurants, and enjoy the convenience of a brand-new grocery store opening just steps away. A short drive takes you to major hospitals, museums, and downtown Cleveland, making this an ideal location for tenants seeking accessibility and convenience. Don’t miss this incredible investment opportunity! Contact your agent for the rent roll, expenses, and recent updates.