Multifamily Housing
1587 Mallard Drive Mayfield Heights, OH 44124
Details & Description
Price: $6,250,000
    Mayland Towers is a staple of the Mayfield Heights community, having served as a trusted home for Mayfield residents since 1968.Mayland Towers has been extremely well-managed and maintained over the last five decades, as it has been owned and managed by family members of the original builder. The property features 80 apartment units, including 48 one-bedroom units, 24 two-bedroom units, and 8 threebedroom units. Residents enjoy multiple featured amenities, including garage parking, an outdoor swimming pool, party center, locked storage spaces, and washer/dryer machines on each floor. Currently, the property is 100% leased, with one (1) unit occupied by on-site caretakers.
    Property ID:    202662
    Property URL: melqr.com/202662
    Generated:    04-25-24
    Listing Agents
    Eric Schreibman

    M: 216-525-1471
    eschreibman@crescorealestate.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Ohio / Mayfield Heights / 44124 / 1587 Mallard Drive

    1587 Mallard Drive

    Mayfield Heights, OH 44124

    Listing ID: 202662
    Print Single-Page Version
    1587 Mallard Drive Mayfield Heights, OH 44124 | for Sale | Photo 1
    Building Size: 114,580 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $54.55
    Land $/SF:
    Price
    $6,250,000
    Description

    Mayland Towers is a staple of the Mayfield Heights community, having served as a trusted home for Mayfield residents since 1968.Mayland Towers has been extremely well-managed and maintained over the last five decades, as it has been owned and managed by family members of the original builder. The property features 80 apartment units, including 48 one-bedroom units, 24 two-bedroom units, and 8 threebedroom units. Residents enjoy multiple featured amenities, including garage parking, an outdoor swimming pool, party center, locked storage spaces, and washer/dryer machines on each floor. Currently, the property is 100% leased, with one (1) unit occupied by on-site caretakers.

    Attachments & Files
    15851587mallarddrivemaylandtowers1pg-5w8-j3X.pdf

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Cleveland History of Multifamily Housing for Sale

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    Mayfield Heights Area Market Trends

    Listing Demographics for 1587 Mallard Drive Mayfield Heights, OH 44124

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population13,04063,042158,741
    Population Median Age424442
    Population by Age0-9 Yrs1667 (12%)6838 (10%)17347 (10%)
    10-19 Yrs1341 (10%)6479 (10%)19862 (12%)
    20-29 Yrs1379 (10%)6601 (10%)18861 (11%)
    30-39 Yrs1875 (14%)7815 (12%)19526 (12%)
    40-49 Yrs1566 (12%)6563 (10%)17183 (10%)
    50-59 Yrs1541 (11%)8015 (12%)21073 (13%)
    60-69 Yrs1667 (12%)8610 (13%)21075 (13%)
    70+ Yrs2005 (15%)12121 (19%)23814 (15%)
    Median HH Income$64,293$70,669$65,324
    Total Household Income< 24K916 (16%)4478 (16%)12617 (18%)
    25-49K1222 (21%)5322 (19%)13958 (20%)
    50-74K1099 (19%)4982 (17%)11651 (17%)
    75-99K943 (16%)3935 (14%)8680 (12%)
    100-199K1295 (22%)6744 (24%)14829 (21%)
    200K+157 (2%)2446 (8%)6296 (9%)
    Highest Education LevelNo Diploma53821925818
    Diploma or GED2522970422577
    Some College2237831421591
    Assoc. Degree63330838238
    Bachelors Degree23901271627632
    Higher Degree12511086826247
    Total Housing Units6,02030,33974,993
    --Owner-Occupied4,42019,32345,328
    --Renter-Occupied1,2128,58322,704
    Owner-Occupied Values< 100K63523759989
    100-199K32661012618947
    200-299K44034947198
    300-399K3314143781
    400-499K49072372
    500K+4110083041
    Total Working Age Population10,52652,671130,256
    In Work Force6,87232,52782,439
    Not In Work Force3,65420,14547,817
    Workforce Employed6,62631,12878,200
    Workforce Unemployed2431,3584,183
    Civlian Workforce6,86832,48682,383
    Military Workforce44156
    Total Households5,63227,90768,031
    Family Households3,45616,52640,830
    Non-Family Households2,17611,38127,201
    Married Couple2,51513,07030,174
    Other Family9413,45610,656
    Married w/Child1,0324,56310,721
    Single Male w/Child1204161,060
    Single Female w/Child2851,0504,072

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Ohio11,353,140+211,536,504011,574,870011,615,100
    Cuyahoga County1,393,978-81,280,122-61,209,550-51,154,210
    Geauga County90,895+393,389093,510+294,930
    Lake County227,511+1230,041-1228,6000228,380

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1587 Mallard Drive in Mayfield Heights?
    The asking price for 1587 Mallard Drive is $6,250,000
    What is the building size of this Multifamily property in Mayfield Heights, OH?
    The size of the building/unit at 1587 Mallard Drive in Mayfield Heights is 114,580 square feet
    What is the population within 1 mile of 1587 Mallard Drive in Mayfield Heights?
    The population within 1 mile of 1587 Mallard Drive Mayfield Heights, OH 44124 is 13,040 people.
    Who do I contact for questions about 1587 Mallard Drive?
    You should contact the listing agent, Eric Schreibman, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Cleveland Hopkins International Airport (CLE) 21
    Erie International Tom Ridge Field (ERI) 77
    Pittsburgh International Airport (PIT) 96
    Price
    $6,250,000
    Listing Agent
    Eric Schreibman - CRE Agent at

    Eric Schreibman

    Cushman & Wakefield

    VIEW AGENT PROFILE

    CONTACT AGENT

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