0.28 Acres Lot
0.28 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Subdivision Noble Park Allotment
MLS Listing ID 5135533
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1951
Annual Tax Amount $9,411
Tax Year 2024
Lot Size 0.277 Acres
Acres 0.2767
Property Sub-Type Apartment
Property Description
The property features four 2-bed/1-bath units and one spacious 3-bed/1-bath unit, all with individual furnaces and private utility closets. Four of the five units have been stylishly updated with modern finishes, including granite countertops, stainless steel appliances, new windows, fresh paint, luxury vinyl plank flooring, modern lighting, and tiled showers.
Tenants enjoy the convenience of a coin-operated washer/dryer and ample storage space in the basement. The property also boasts six garage spaces plus surface parking, providing plenty of room for tenant vehicles.
Current rents offer a solid return, with room to grow—some rents are below market value, leaving opportunity for increased cash flow at renewal. Plus, the building is lead-certified through 2027 for added peace of mind.
Monthly Gross Rent: $5,725 - Unit 1 (2 Bed / 1 Bath): $1,100, Unit 2 (3 Bed / 1 Bath): $1,500, Unit 3 (2 Bed / 1 Bath): $825,
Unit 4 (2 Bed / 1 Bath): $1,200, Unit 5 (2 Bed / 1 Bath): $1,100
Whether you're expanding your portfolio or making your first multifamily move, this fully stabilized, high-potential property is a smart pick in any market. No showings without accepted offer!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Window Unit(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Garage, Parking Lot
Water Access Desc Public
Roof Type Flat
Building
Foundation Basement
Sewer Public Sewer
Water Public
Construction Status Updated/Remodeled
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 682-11-045
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Conventional, 1031 Exchange, FHA
Special Listing Condition Standard
"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."
1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States