$199,990
$219,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
3,456 SqFt
SOLD DATE : 08/23/2022
Key Details
Sold Price $199,990
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,456 sqft
Price per Sqft $57
Subdivision Den
MLS Listing ID 4386816
Sold Date 08/23/22
HOA Y/N No
Abv Grd Liv Area 3,456
Year Built 1924
Annual Tax Amount $4,916
Lot Size 7,836 Sqft
Acres 0.1799
Property Description
Don't be fooled just because this owner has sat on this property....with long term roll over tenants at below market rents presently $400, $425. Great opportunity in Cleveland's west side. All brick 5 unit apartment bldg. has lots of potential for the investor looking to do some renovations for an added value scenario with increased ARV. 2 occupied units , 3 vacant. Increased rent potential. Great income adder could be laundry in basement, renovate these units and make those rents $800+/month! 1 efficiency, balance are 2 beds each. Longer term tenants. Efficient layouts. Hardwood, detail, some built-ins. As is condition sale. Repairs/renovation/roof work needed. Would be great construction loan/hard money financing terms. Comps in area are much higher and growing, see for yourself!
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Garage On Street
Fence Other, Privacy
Water Access Desc Public
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 017-26-001
Financing Cash
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Bought with Justin L Campbell • Russell Real Estate Services
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