$260,000
$325,000
20.0%For more information regarding the value of a property, please contact us for a free consultation.
5,270 Sqft Lot
SOLD DATE : 04/26/2024
Key Details
Sold Price $260,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Edmund F Carrie S Burton Cora
MLS Listing ID 5020171
Sold Date 04/26/24
HOA Y/N No
Year Built 1962
Annual Tax Amount $4,750
Tax Year 2023
Lot Size 5,270 Sqft
Acres 0.121
Property Description
Welcome to your next investment opportunity, nestled in the heart of Cleveland's west side, presenting a meticulously maintained 6-unit brick apartment building boasting six charming studio apartments. With a steady cash flow and a roster of trouble-free tenants, this property promises a hassle-free ownership experience for the discerning investor.
Property Highlights:
Prime Location: This property enjoys proximity to major amenities, including shopping centers, dining establishments, parks, and public transportation hubs, ensuring convenience for tenants.
Solid Brick Construction: Built to last, the enduring brick exterior of the building not only adds to its aesthetic appeal but also ensures durability and minimal maintenance requirements.
Profitable Investment: Each of the six studio apartments is currently occupied by reliable tenants, generating consistent rental income. This established cash flow stream presents an attractive investment opportunity with immediate returns.
Low Vacancy Rate: With a history of stable occupancy and satisfied tenants, vacancies are rare, providing a reliable income stream and reducing turnover costs.
Professional Management: Currently under professional management, this property offers the convenience of hands-off ownership, allowing investors to enjoy passive income without the burden of day-to-day management tasks.
Investment Opportunity:
This turnkey property presents an ideal opportunity for seasoned investors seeking to expand their portfolio or for newcomers looking to enter the lucrative world of real estate investment. With its attractive cash flow, low maintenance requirements, and reliable tenant base, this property offers both immediate returns and long-term appreciation potential.
Don't miss out on this rare opportunity to acquire a fully occupied, cash-flowing asset in a sought-after location. Schedule your viewing today and secure your future in real estate investment.
Location
State OH
County Cuyahoga
Interior
Heating Hot Water, Steam
Cooling Central Air
Fireplace No
Exterior
Water Access Desc Public
Roof Type Flat
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 005-27-002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Ryan McCullough • RE/MAX Above & Beyond