Description
Attention Investors, this is the opportunity you have been waiting for. This solid all brick 4 unit building located in Cleveland's Glenville neighborhood is being delivered vacant, giving the next owner a clean slate to set market rents, select their own tenants and maximize returns from day one. Located just minutes from Cleveland Clinic, University Hospitals and major healthcare centers with quick access to I-90, I-77 and Downtown Cleveland, this property sits in the heart of consistent rental demand driven by one of the largest healthcare and employment corridors in Northeast Ohio. Each unit offers 1 bedroom and 1 bath with spacious kitchens and classic easy to maintain finishes that are move in ready for tenants. The two upstairs units each feature their own private porch, adding charm and appeal that helps attract and retain quality renters. Key updates include a newer roof under 10 years old, water heaters in units 2 (2021) and 4 (2026) and furnaces in units 3 and 4 (2020). At market rents this building carries a potential gross monthly income of $3,100, making the numbers well worth a closer look at this price point. Each unit was previously rented each for $775.00 And the upside does not stop there. The unfinished attic presents a compelling opportunity to add a fifth unit, a value add that could significantly increase the income potential of this already attractive investment. A clean brick building, a prime location and room to grow. Schedule your showing today!
Details
| MLS # | 5230464 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1915 |
| Days On Site | 29 |
| Listing Provided By | McDowell Homes Real Estate Services | Theresa M Seese |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| Basement | Y |
| Story(s) | 2 |
| Building(s) | 1 |
| Acreage | 0.12 |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
Taxes
| Tax Annual Amount | 1589 |
|---|
Area Information
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44108 |
| Community Name | Schatzinger & Tremaines Sub |
| Listing VS Median (in Schatzinger & Tremaines Sub) | |
Price: $129,000 low | high Med: $0 On site: 29 low | high Med: | |
Market Activity 44108
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Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44108 |
| Community Name | Schatzinger & Tremaines Sub |
| Listing VS Median (in Schatzinger & Tremaines Sub) | |
Price: $129,000 low | high Med: $0 On site: 29 low | high Med: | |