Neighborhood: Noble Park Allotment, Cleveland Heights
Great opportunity to add a stabilized 5-unit, brick multi-family building to your portfolio!!! This property has incredible street exposure for drive-by tenants and free marketing! It cash flows from day one and will need very minimal ongoing maintenance. This property has updated pex plumbing, updated electrical, individual furnaces, hot water tanks, and a private detached six-car garage that is not currently being utilized! These can be easily rented out for $10-20 month/space adding additional income to your bottom line. All five units are large and spacious two-bedroom and one-bath with updated tile bathrooms, newer fixtures, carpet, or hardwood throughout. Unit 1 is currently vacant and being marketed at $800/month. The rest of the units are as follows: Unit 2 paying $690/month with a lease expiring 1/31/22. Unit 3 paying $700/month and is on a month-to-month lease. Unit 4 is paying $715/month and is on a month-to-month lease. Unit 5 is paying $850 and is on a month-to-month lease. All five units have been renovated to a certain degree and in order to increase the rest of the rents to the market rate of the building and area (~$800+), there will be only very minor work needed! The building is being sold AS-IS. Buyer to assume POS violations. Spaces for A/C wall units! See supplements for a breakdown of expenses. Thank you!
Courtesy of: Keller Williams Living The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX MLS. Real estate listings held by brokerage firms other than NORMLS are marked with the Internet Data Exchange logo and detailed information includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. NORMLS might not display the entire NEOHREX MLS IDX database on this website. The listings of some real estate brokerage firms may have been excluded. Updated: 25th September, 2021 12:26 PM