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MULTI_FAMILY - Cleveland, OH
Don't miss this well-maintained brick quad in Nottingham Village section of Collinwood, a couple blocks from a public park area and very quick access to freeway! Each updated unit contains 2 beds/1 bath - separate gas and electric meters-tenants pay own gas/electric. Abundant opportunity to boost rent for each unit- CMHA rent determination for 2 bed unit in 44110 zip is $1,142.00/month! At full potential with CMHA rates, building can generate a total of $4,568 per month!! AND . . . as a value add to this already amazing building, there is a vacant land parcel adjacent (116-03-029) currently owned by Cuyahoga Land Bank and can be purchased from the land bank for just pennies on the dollar - potential buyer to validate land bank adjacent lot purchase program! This value-add option can be used for additional parking, grill/patio/picnic/recreation, or possibly even an additional structure to...
Don't miss this well-maintained brick quad in Nottingham Village section of Collinwood, a couple blocks from a public park area and very quick access to freeway! Each updated unit contains 2 beds/1 bath - separate gas and electric meters-tenants pay own gas/electric. Abundant opportunity to boost rent for each unit- CMHA rent determination for 2 bed unit in 44110 zip is $1,142.00/month! At full potential with CMHA rates, building can generate a total of $4,568 per month!! AND . . . as a value add to this already amazing building, there is a vacant land parcel adjacent (116-03-029) currently owned by Cuyahoga Land Bank and can be purchased from the land bank for just pennies on the dollar - potential buyer to validate land bank adjacent lot purchase program! This value-add option can be used for additional parking, grill/patio/picnic/recreation, or possibly even an additional structure to compliment this already amazing cash flowing opportunity! This building has been lead certified by licensed lead inspector and HVAC certified by city per updated requirements for rental properties! Updated all vinyl thermal pane windows throughout! This building will definitely not last long! NO ASSIGNMENTS OR OWNER FINANCING ON THIS BUILDING OR PORTFOLIO PACKAGE! Seller would prefer to sell as part of portfolio package with the below properties, but will consider individual sales of properties in the portfolio - contact list agent for further details! 4091 Valley Rd, Cleveland MLS# 5141990; 3517 W. 127th St, Cleveland MLS# 5149967; 2621 E. 121st St, Cleveland MLS# 5149989; 16001 Arcade Ave, Cleveland MLS# 5144998; These additional properties provide additional rental income of $5000.00/month at present - all buildings are well stabilized, are 100% occupied, and are ready for new owner to realize amazing cash flow! Seller prefers to sell as package at total price of $821,500.00, a $30,000.00 credit or reduction to total list price. Bring offers today.
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