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$1,950,000
Est. payment /mo
10,802 Sqft Lot
UPDATED:
11/22/2024 10:09 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5084320
HOA Y/N No
Year Built 1918
Annual Tax Amount $20,972
Tax Year 2023
Lot Size 10,802 Sqft
Acres 0.248
Property Description
Prime Turnkey Investment on West 100th Street! This newly renovated 21-unit property offers an excellent opportunity for investors looking to maximize returns with minimal management. With a unit breakdown of 4 studios, 3 storefronts, 8 two-bedrooms, and 6 one-bedrooms, this property is projected to generate nearly $240,000 in annual income. Every unit has been upgraded to high standards with brand-new electrical, plumbing, roofing, windows, and finishes, including LVP flooring, tiled showers, and modern lighting. High-efficiency electric heating systems have been installed in each unit, with tenants responsible for utilities, significantly lowering operating expenses to an estimated 40%. Currently fully vacant, leasing is underway to establish cash flow prior to sale, offering buyers a seamless transition. West blvd neighborhood offers a unique blend of city convenience and neighborhood charm, Just minutes from key Cleveland employers, transit hubs, shopping, and popular dining spots its ideal for tenants looking to enjoy the areas amenities and short commutes. Convenient closing options available contingent on completion of work by January 2025. Don't miss this opportunity for a high-quality, passive investment in a desirable Cleveland area. Contact us today!
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Hot Water, Steam
Cooling None
Fireplace No
Exterior
Parking Features On Street
Water Access Desc Public
Roof Type Composition,Flat
Present Use Residential,See Remarks
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 017-09-006
Special Listing Condition Standard
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Listed by Gregory Erlanger • Keller Williams Citywide • Info@EZSalesTeam.com 216-916-7778
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