Remarks

This large apartment complex is an amazing opportunity for any rental portfolio! With over 5,700 sqft, this building houses 6 units with 5 of those units currently occupied! 5 units have 2 bedrooms and 1 bathroom and 1 unit has 1 bedroom and 1 bathroom. There is 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 (1 bed 1 bath unit) is renting for $899 per month, 1 unit is renting for $875 per month, 2 units renting for $799 per month and 1 unit is renting for $620 per month with a Section 8 tenant. 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 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. Professional management in place and willing to stay on with new owner. Don't miss out on this solid opportunity! Reach out to learn more today!

Details

MLS#: 5124571
Price: $360,000

Style: Apartment
Sq Ft: 0
Year Built: 1956

County: Cuyahoga
Subdivision: Kangesser Companys East Shr P
Tax Fee: 7095

School District: Cleveland Municipal - 1809