Listed by Coldwell Banker Commercial Schmidt Realty Westlake, Coldwell Banker Commercial Schmidt Realty Mentor, Coldwell Banker Schmidt Realty
$297,000
1675 Carlyon Road, East Cleveland, OH, 44112
Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Acreage 0.198
Multifamily | 0 Units
Marketing description
Take a look at this amazing Side by Side 6 unit apartment building! Income producing with incredible room for income improvement upon lease turn! This is the perfect property to add to your real estate portfolio or start off with a great income producing asset! Currently, this property is 66% tenant occupied with monthly rents for all four tenants under market at $750 each plus paying their own gas/electric. Market rent amounts can be up to $1,200 a unit! Increase rents in existing units and start 2 new at market in the two vacant units! Projected section 8 rents at $1500! All units are 2 bedroom/1 bath units with spacious layouts per unit! Brick building! Updates include: NEW vinyl windows throughout, NEW $8K sewer line to building, new stack, bathroom and kitchen updates in ALL units, ALL units completely renovated, newer carpet, ceilings retextured, interior paint, rebuild on left and middle front porch/balcony + supports, and LVP flooring in select units! Selling as is, Buyer to assume any city Point of Sale report items-IF any (No escrow for East Cleveland!), and inspection to be ordered by seller upon contract. Year of Roof and Hvac unknown but in good working order, no leaks, HVAC runs great to units! The two vacant units will be finished with full renovations by closing! No escrow for East Cleveland! Close to shopping centers, restaurants, local transportation, parks, freeway access, hospitals and is in close proximity to downtown Cleveland! Do not miss your opportunity to get your hands on this property! Ask me also about other properties and/or portfolio properties for sale by same owner in the cleveland area and in the Lima area!
Listing Contacts
Listed by Coldwell Banker Commercial Schmidt Realty Westlake, Coldwell Banker Commercial Schmidt Realty Mentor, Coldwell Banker Schmidt Realty
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Zoning
U2-A2-H2 ResidentialMulti FamilyApartment
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