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Key Details
Sold Price $225,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 5,128 sqft
Price per Sqft $43
Subdivision Rapid Transit Land Cos Shaker
MLS Listing ID 4431189
Sold Date 07/28/23
HOA Y/N No
Abv Grd Liv Area 5,128
Year Built 1924
Annual Tax Amount $462
Lot Size 5,201 Sqft
Acres 0.1194
Property Description
Recently renovated, LEAD CERTIFIED, 6-UNIT CASH COW generating gross rents of $3,959 / month on full occupancy with a 13-14% Cap Rate ready to generate the next owner consistent CASH FLOW each month. Nearly all units have been renovated in the last 12 months, with nearly $70k worth of improvements made to the property since purchase. The property consists of four, 1 bed / 1 bath configs, and two, 2 bed / 1 bath configs. P&L, NOI Calculations, Leases, other due diligence documents, as well as showings all available upon accepted offer. Unit breakdown & rent details available below:
Unit #1 - $630 (currently occupied with a market tenant, 1/1 config)
Unit #2 - $650 (vacant - tenant to be placed before EOM, 1/1 config)
Unit #3 - $700 (currently occupied with a market tenant, 2/1 config)
Unit #4 - $650 (vacant – tenant to be placed before EOM, 1/1 config)
Unit #5 - $629 (currently occupied with a subsidy tenant, 1/1 config)
Unit #6 - $650 (vacant - tenant to be placed bef
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Water Access Desc Public
Roof Type Flat
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 130-14-003
Financing Cash
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Bought with Marshall Stephens • Keller Williams Chervenic Rlty
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