Remarks

Cash flowing 17 unit Brick Building consisting of 15 apartments and two store fronts, This is a turnkey well performing building with a waitlist of tenants. Improvements included Main Electric has been updated, New water heater and 7 apartments that have been renovated. Lead Certified Property with the city of Cleveland. Additional income opportunity with parking lot (monthly fee) and Room for laundry service expansion in the basement.
The location of this building is ideal as it is close to highways, public transportation, downtown Cleveland and shopping/dining in popular Ohio City. Monthly gross rental income $13,510/162,120 annually. Strong rental market with tenant demand and an attractive cap rate makes the property an ideal investment opportunity for long term wealth.

Details

MLS#: 5096895
Price: $1,325,000

Style: Apartment
Sq Ft: 0
Year Built: 1910

County: Cuyahoga
Tax Fee: 30087

School District: Cleveland Municipal - 1809