OH > Cleveland > Schilling & Wetmores
Cleveland, OH 44102,10412 Madison AVE
Cleveland, OH 44102,10412 Madison AVE
Cleveland, OH 44102,10412 Madison AVE
Cleveland, OH 44102,10412 Madison AVE
Cleveland, OH 44102,10412 Madison AVE
Cleveland, OH 44102,10412 Madison AVE
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Shawana Hanson

Shawana Hanson

+1(216) 971-3161
$ 275,000
Est. payment | /mo

5,641 Sqft Lot

Save
$ 275,000
Est. payment | /mo
Save

5,641 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Schilling & Wetmores

MLS Listing ID 5105601

HOA Y/N No

Year Built 1920

Annual Tax Amount $1,875

Tax Year 2024

Lot Size 5,641 Sqft

Acres 0.1295

Property Sub-Type Apartment

Property Description

Incredible opportunity to purchase (5) units on Cleveland's west side! Located conveniently on Madison Avenue, this property has massive income potential for the savvy investor. There are (4) apartments and one very large, downstairs space (currently used as a room rental) that used to be a bar. The apartments are comprised of (2) two bedroom and (2) one bedroom apartments. The downstairs former bar space has a number of rooms with a common kitchen and a large open living room. A buyer can use the bottom floor space to make a couple separate apartments, optimize the current room rental situation, or convert back to a commercial space (please check and verify zoning). In addition, this sale includes the parcel next door (00127010) which is currently used as a parking lot and also generates additional income for the owner as a local business rents this space for $250 / month to store their trucks. Proforma, this property can easily generate over $4,600 per month in income! All tenants are currently month to month. Tenants are responsible for their own electricity and gas for the apartments, while the owner pays the water/sewer, and electric and gas for the bottom floor space.

Location

State OH

County Cuyahoga

Interior

Heating Forced Air

Fireplace No

Exterior

Water Access Desc Public

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 001-27-011

Special Listing Condition Standard

Listed by Michael Orlando • Key Realty • mjorlando1994@gmail.com 216-956-1884
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"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."

+1(216) 971-3161

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1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States

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