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Amy Hoes Featured Properties

YES-MLS-4474323 MLS
Shoreway Realty Group is pleased to offer a 4.288-acre, fee-simple parcel at 5475 North Marginal Road, in Cleveland, Ohio at the junction of Lake Erie and East 55th Street. The property and the project have been granted 15-year, residential tax abatement by the City of Cleveland. This is provided by Cleveland Ordinance 1376-2019 which passed City Council on December 2, 2019. This constitutes 100% tax abatement for all improvements over the tax value of the property when the project gets constructed. In addition, the project and the site have obtained a 30-year tax increment financing. Tax increment financing (“TIF”) which permits the increase in value over the current tax value to be abated for the portion of such real estate taxes that are not payable to the Cleveland Municipal School District for an additional 30 years after the completion of construction. The actual project site includes not only the 4.288-acre parcel of fee-simple land but a 0.4188 parcel of land which was part of the original East 55th Street right-of-way which has since been vacated by the City of Cleveland. The mini park will provide lakeside viewing areas. In the event a purchaser elects not to build a residential project on the site, there will be no residential tax abatement, but the TIF will apply to all commercial activities which would be conducted on the site from year 1 through year 30. The property is zoned general retail -GR.

5455 N Marginal Road, Cleveland

4 Beds 6 Baths YES-MLS-4488297 MLS
Welcome to Bella Vista Estate horse farm in Bath, Ohio. This extraordinart estate offers a luxurious lifestyle. With almost 27 breathtaking acres, Bella Vista abuts the 410-acre Bath Nature Preserve. The private, gated French manor home also offers an 8-stall horse stable that includes a tack room with kitchen, bath, washer and dryer, utility room and lounge, and provides 3 fenced pastures with automatic water systems. There also is a new arena, and an additional 2-story carriage garage with a 3-car opening. The second floor offers all utilities and could be an apartment. The home has a great room with distressed hickory flooring, a soaring beamed ceiling, and one of 4 masonry fireplaces. The kitchen is a masterpiece featuring a heated tile floor, and a La Cornue range with a mantel imported from a French chateau. The countertops are old seawalls from the Isle of Malta, the custom cabinets are all Amish made, and the backsplash is from biblical days. All new limestone flooring leads into the breakfast room with its gas fireplace and imported lighting. The back hall includes 2 private libraries, 2 powder rooms, a laundry room, and access to the garage and property. The first-floor master wing is exceptional with its fireplace and glass-walled sunroom, as well as 2 huge, walk-in dressing rooms and a gorgeous bathroom. On the second floor are a suite with private bath, and a 2-bedroom, 2-bath apartment. Enjoy the serenity of watching the wildlife in this spectacular setting!

4081 Derrwood Drive, Bath

YES-MLS-4470632 MLS
Extremely rare opportunity to acquire a strong performing townhome style apartment complex on the west side of Cleveland! This 48 unit property is already performing beautifully, but has additional rental upside through light cosmetic renovations and is poised for the next owner to maximize potential. The complex has a unit mix of (24) two bedroom townhome style units & (24) three bedroom townhome style units which are extremely appealing to tenants and stand out amongst the other rental product in the area. Ownership has renovated approximately half of the units with modern finishes including luxury vinyl plank flooring, fresh paint, countertops, kitchen & bathroom fixtures, lighting as well as invested in many new mechanicals & appliances. All roofs in excellent condition. Many tenants are billed back for water/sewer, but a large portion have not transitioned to this system, leading to additional upside potential. Tenants are responsible for their own gas & electricity expenses. Based on current actual rent roll, the property will gross $39,120/month. With actual annualized expenses, a new owner will walk into an 8%+ cap rate on acquisition based on asking price. This, coupled with the rent premiums & utility expense saving still available, makes Sunset Townhomes the perfect asset for an investor looking to take advantage of instant cashflow with value-add upside. Property is professionally managed & they would be happy to stay on for a smooth transition for the new owner.

630 Abbe Road, Elyria

5 Beds 7 Baths YES-MLS-4486018 MLS
Perched at the edge of the Cuyahoga Valley National Park, this exquisite, contemporary masterpiece was designed to be appreciated from both near and afar, an exuberant expression, that, like a symphony, cannot be contained within its walls. A winding drive ascends to the front entry, lined by lush landscaping that shields the home from view. Double doors open to the foyer, unveiling sight lines to the north, east, and west walls of the home, a prelude to the composition to come. Ahead, the double height living room is wrapped in a dramatic wall of windows with a lofted seating area tucked away above. Distinct entertaining areas flow together seamlessly, with split-stair levels ascending and descending like musical scales. Ascend to the grand dining room above, or descend to the stylish club level below, a sophisticated space complete with a stunning home theater, bar, wine cellar, and full guest suite. A dramatic gallery wall runs the North-South axis of the home, leading from the kitchen and circular great room to the private bedroom wing. Throughout the home, glass doors open to exceptional outdoor living areas - terraces overlook the gently sloping backyard, and a granite patio spans the back of the home. The 7-car garage - heat controlled - provides a sanctuary for those who appreciate automotive engineering as much as art and music. A true architectural gem, this home is unlike anything in the region. Schedule a private viewing to experience it firsthand.

970 Top Of The Hill Road, Akron

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