This well-maintained 6-unit property offers an exceptional investment opportunity with a blend of residential and commercial zoning. The building includes five residential apartments and one flexible commercial space.One apartment was converted into a residential unit. The current owner has made numerous improvements, including recent roof repairs and updates to most water tanks and HVAC systems, ensuring durability and value. The property is fully rented except for one vacant 3-bedroom unit (Unit 4), listed at $950 per month and ready to lease. Tenants enjoy the convenience of owner-paid water, sewer, and trash services. Current rental income ranges from $625 to $1,400 per month. This property is being sold "As-Is," with no additional repairs offered by the seller. With strong occupancy history, versatile zoning, and recent updates, this property is a valuable addition to any portfolio.
Mls | 5083988 |
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Listing Type | For Sale |
Style | Attachd |
Subtype | Resale |
Status | Active |
Year | 1920 |
Days On Site | 34 |
Listing Provided By | Keller Williams Living | Carly M Sablotny |
Sq Feet | 5,566 |
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Basement | Y |
Acreage | 0.19 |
State | OH |
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County | Cuyahoga |
City | Cleveland |
Zip Code | 44105 |
Community Name | Kelly |
Listing VS Median (in Kelly) | |
Price: $280,000 low | high Med: $109,900 SqFt: 5,566 low | high Med: 4,305 $ / SqFt: $50 low | high Med: $26 On Site: 34 low | high Med: 137.000000 |