Remarks

This large apartment complex is an amazing opportunity for any rental portfolio! With over 8,900 sqft, this building houses 12 units with 9 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 as well as 1 garage space per unit and off-street parking on site! The occupied units are renting as follows: 1 unit renting for $850 per month, 2 units renting for $800, 2 units renting for $785 per month, 1 unit renting for $750 per month and 3 units renting for $695 per month. The building has forced air furnaces and hot water tanks for each individual unit and separate electrical meters for each unit. The roof was repaired in 2022, driveway repaired in 2023 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#: 5124550
Price: $720,000

Style: Apartment
Sq Ft: 0
Year Built: 1957

County: Cuyahoga
Subdivision: Kangesser Companys East Shr P
Tax Fee: 12315

School District: Cleveland Municipal - 1809