1386 E 43, Cleveland, OH 44103
1386 E 43, Cleveland, OH 44103
1386 E 43, Cleveland, OH 44103
1386 E 43, Cleveland, OH 44103
1386 E 43, Cleveland, OH 44103
1386 E 43, Cleveland, OH 44103
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Shawana Hanson

Shawana Hanson

+1(216) 971-3161
$ 325,000
Est. payment | /mo

5,227 Sqft Lot

Save
$ 325,000
Est. payment | /mo
Save

5,227 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision St. Clair/Superior

MLS Listing ID 5240208

HOA Y/N No

Year Built 1908

Annual Tax Amount $4,564

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Apartment

Property Description

Five-unit multifamily in Cleveland's Goodrich-Kirtland Park at $325,000, or $65,000 per door, with two units occupied and three open. Priced and underwritten as a lease-up. Two structures on one site: a brick four-unit up front with four two-bedroom, one-bath apartments, plus a separate rear house with a three-bedroom, one-bath layout. The current owner replaced the wiring and panels throughout at a cost of roughly $70,000, so the largest capital item on a building of this vintage is already retired and the open units are ready to lease/being refreshed post tenant move-out. Interiors have been fully renovated within the last couple of years, current ownership redid the exterior, and holds rental licenses on all five units. The two occupied two-bedrooms are in place at $775. PCI underwrites the two-bedrooms at $900 and the rear house at $1,350, or $59,400 a year, carrying an NOI just over $37,000 and an 11.5 percent cap on the asking price. Every unit is separately metered with its own furnace and hot water tank. Roughly two miles from downtown and within three miles of the Cleveland Clinic's main campus, in a submarket about 65 percent renter-occupied. Full rent roll, financials and lease detail are available in the Document Center. Reach out for the package and to get on the tour schedule.

Location

State OH

County Cuyahoga

Interior

Heating Forced Air, Gas

Cooling None

Fireplace No

Exterior

Parking Features No Garage

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 104-07-020

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687

NEARBY SCHOOLS & PROPERTIES

Shawana Hanson

"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

info@luxehauscle.com

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

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1386 E 43