Remarks

This large apartment complex is an amazing opportunity for any rental portfolio! With over 7,600 sqft, this building houses 12 units with 11 of those units currently occupied! Each unit has 1 bedroom and 1 bathroom along with coin operated laundry in the building, individual storage units for each unit and off-street parking on site! The occupied units are renting as follows: 1 unit renting for $950, 2 units renting for $900 per month, 1 unit renting for $850 per month, 3 units renting for $825 per month, 3 units renting for $775 per month and 1 unit renting for $695 per month. The building has a boiler heating system for the entire building and separate electrical meters for each unit. The roof was repaired in 2022 and there is a dumpster on-site. Located minutes away from Lake Erie, this property is near Euclid Beach Park and the Cleveland Public Library! There is easy highway access and on route for public transportation. Don't miss out on this solid opportunity! Professional management in place and willing to stay on with new owner. Reach out to learn more today!

Details

MLS#: 5124475
Price: $720,000

Style: Apartment
Sq Ft: 0
Year Built: 1961

County: Cuyahoga
Subdivision: David G Kangessers Dakan 15
Tax Fee: 12698

School District: Cleveland Municipal - 1809