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$720,000
Est. payment /mo
0.32 Acres Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Kangesser Companys East Shr P
MLS Listing ID 5124550
HOA Y/N No
Year Built 1957
Annual Tax Amount $12,315
Tax Year 2024
Lot Size 0.321 Acres
Acres 0.3214
Property Sub-Type Apartment
Property Description
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!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Detached, Garage
Fence Brick
Water Access Desc Public
Roof Type Composition
Present Use Multi-Family
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 114-03-015
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Probate Listing
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Listed by Michael Azzam • RE/MAX Haven Realty • mike@theazzamgroup.com 216-232-2187