3584 W 46th ST Cleveland, OH 44102
4,443 Sqft Lot
UPDATED:
12/18/2024 01:21 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Brooklyn
MLS Listing ID 5089683
HOA Y/N No
Year Built 1920
Annual Tax Amount $31,433
Tax Year 2023
Lot Size 4,443 Sqft
Acres 0.102
Property Description
Why Cleveland?
• Affordable Investment: Cleveland offers competitive property values compared to other major cities, making it an attractive market for investors.
• Resurgent City: Cleveland is experiencing a revitalization with a thriving arts scene, world-class museums, and a growing culinary scene.
• Strong Rental Demand: A growing population and job market drive consistent demand for quality rental housing.
• Diverse Property Mix: This package includes a variety of property types to suit your investment strategy.
Key Features:
• 35 Total Units: A substantial portfolio to generate significant rental income.
• Prime Location: Situated in the desirable Near West Side, close to amenities and transportation.
• Well-Maintained Properties: The units are in good condition, minimizing maintenance costs.
• Stable Tenancy: Many long-term tenants ensure reliable cash flow.
• Upside Potential: Opportunities for value-add renovations and increased rental rates.
CAP RATE – 8.25%
Current NOI with anticipated 2024 pay in 2025 property taxes - $236,441.52
Multiple units have extremely low rents, with increased rents, and a management agency, the Cap Rate has a potential of 11.32%.
After Repair Value - $3,854,030
Don't miss this chance to invest in Cleveland's exciting future. Contact me today to learn more about this exceptional investment opportunity.
Portfolio consists of 14 Single Family homes, 5 Duplexes, 1 Triplex, and 2 Fourplexes.
Do not disturb tenants, do not walk properties. Inspections upon accepted offer only!
Find the video w/ aerials online, or ask your agent for a link.
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Driveway, Detached, Garage, No Garage, Off Street, Paved, On Street, See Remarks, Varies by Unit
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Present Use Investment,Multi-Family,Residential,Single Family,See Remarks
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 016-24-027
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
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