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$360,000
Est. payment /mo
7,139 Sqft 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 5124571
HOA Y/N No
Year Built 1956
Annual Tax Amount $7,095
Tax Year 2024
Lot Size 7,139 Sqft
Acres 0.1639
Property Sub-Type Apartment
Property Description
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, with continued services available. Don't miss out on this solid opportunity! Reach out to learn more today!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Present Use Multi-Family
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 114-03-017
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Michael Azzam • RE/MAX Haven Realty • mike@theazzamgroup.com 216-232-2187