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Key Facts

Type Apartment
Levels Commercial Sale
Size  sqft
Garage No
Maintenance Fees 
Taxes $13,365
Days Active 0
Approx. Age 1922
MLS® Number 5132087

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

INCREDIBLE INVESTMENT OPPORTUNITY. According to CMHA 2025 rental rates, this property would bring in 155k a year! In the 44118 Cleveland Heights Zip Code (ask agent for document on updated rental rates) this is the one to snag. Beautiful brick 7 unit building. Four, very large 3 bedroom units projected to bring in up to $8, 488 each a month, two very large two bedroom units to bring in $3, 288 a month and a large studio in the basement to bring in $1, 200 a month= up to $12, 976 a month/155k a year. Some units occupied, however, with taking advantage of the CMHA guaranteed income with the updated rents, would be best to stabilize on own. Talk about profit.. Updated most units, newer hot water tanks. Each unit has it's own furnace and H20 tank/separate electric and gas meters. Basement has coin laundry and newer PEX plumbing has been installed. Each unit has separate front/back door and there is a parking lot out back. Close to Coventry Village, Severance center, University Circle and just a 10 min drive to Cleveland Clinic Main Campus. Location, location plus immense cash flow. Call your agent today!Show Description
MLS® Number5132087
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCoin Operated
Exposure
Exterior
GarageNo
Approx. Age1922
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Gas
A/CNone
Heating Fuel

Extras

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