$800,000
( $205.23Per Sq Foot )
 $5,322 est/mo Sourced by Back At You

2133 Murray Hill Road , Cleveland, OH 44106

Cleveland, OH 44106

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Description

This three unit apartment building with ground level retail can generate $5,940 in monthly rent with no additional investment. This includes $500 per month for renting the 10 parking spaced behind the building and $2,000 per month projected for the hair salon, which is being operated by the building owner. The development opportunity can more than double the rental income by building a two, three or four unit structure on the back portion of the .224 acre lot. Located in the heart of Little Italy, this property has been family-owned since 1975 and meticulously maintained. Each existing apartment unit has been updated and has two bedrooms and a full bathroom. The ground level updated retail space with 1/2 bath has been a successful beauty salon for many years. Key upgrades include: first floor back unit renovated in 2022; Deck added off upstairs back unit in 2022; New Furnace in upstairs front unit in 2022; Deck off first floor back unit in 2015; New roof in 2014; Driveway and waterproofing in 2014; Replacement windows in 2013; Hot water tanks for all three units in 2016.

Details

MLS#5019238
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1914
Days On Site151
Listing Provided ByKeller Williams Greater Metropolitan | Teri G Chmielewski

Features

SQ Feet3,898
BasementY
Story(s)2
Units4
Building(s)1
Acreage0.22

Market Activity 44106

The information is being provided by MLS Now Independence OH. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MLS Now Independence OH. All Rights Reserved.

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Listings Checked: 3 hours ago
StateOH
CountyCuyahoga
CityCleveland
Zip Code44106
Community NameLittle Italy
Listing VS Median (in Little Italy)
Price:
$800,000
low | high
Med:
$800,000
50% of Average
SqFt:
3,898
low | high
Med:
3,898
50% of Average
$ / SqFt:
$205
low | high
Med:
$205
50% of Average
On Site:
151
low | high
Med:
151.000000
100% of Average
Sourced by Back At You
Listing Updated: June 17, 2024 at 11:50:55 AM PDT