$525,000
About this home
Eight fully occupied condominium units in one condo community in Warrensville Heights, offered at $525,000, $65,625 per door. Two and three bedroom units across Caroline Drive and Banbury Court and Circle. All eight properties are being delivered point-of-sale compliant. In-place rents average just over $1,000 a unit, a 10.9 percent cap rate. Underwritten to pro forma, average rent steps to $1,150 a unit and the cap rate moves to 12.2 percent, a meaningful spread for a portfolio this size. Interiors show updated kitchens with stainless steel appliances and tile flooring, refinished hardwood floors, and refreshed bathrooms already in place. Gas forced air heat, public water and sewer, mixed tenant and landlord utility responsibility by unit. Each condo carries its own HOA dues, roughly $125 to $150 a month by unit size, one HOA across all eight units. Warrensville Heights sits eight miles from downtown Cleveland off I-271 and I-480, near Cleveland Clinic South Pointe Hospital, Eaton Corporation, and Cuyahoga Community College Corporate College. Full rent roll, financials and lease detail are available in the Document Center. Reach out for the package and to get on the tour schedule.
Property details
- MLS
- NOWDD
- MLS #
- 5244825
- Property type
- Apartment
- Subdivision
- Banbury Village Condo
- Status
- Active
- Days on market
- 2
- On market date
- September 14, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 24.95 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 189
- Student:teacher ratio
- 17.2:1
- District
- Green Inspiration Academy
- Enrollment
- 597
- Student:teacher ratio
- 13.9:1
- District
- Bedford City
- Enrollment
- 128
- Student:teacher ratio
- 25.6:1
- District
- Randall Park High School
Walkability
Blended score for Warrensville Heights's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated September 16, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.