Cleveland, OH 44102,2087 W 98th ST
Cleveland, OH 44102,2087 W 98th ST
Cleveland, OH 44102,2087 W 98th ST
Cleveland, OH 44102,2087 W 98th ST
Cleveland, OH 44102,2087 W 98th ST
Cleveland, OH 44102,2087 W 98th ST
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$260,000

$325,000

20.0%
Est.Price: ?

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Est. payment /mo

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

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Listed by Art Obleton • EXP Realty, LLC. • artobletonjr@gmail.com 216-482-9035
Bought with Ryan McCullough • RE/MAX Above & Beyond

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agent

Joseph Luckino

Broker | License ID: C2015005262

+1(740) 632-9111

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