3206 W 100th Street , Cleveland, OH 44111
Cleveland, OH 44111
Description
Prime Turnkey Investment on West 100th Street! This newly renovated 21-unit property offers an excellent opportunity for investors looking to maximize returns with minimal management. With a unit breakdown of 4 studios, 3 storefronts, 8 two-bedrooms, and 6 one-bedrooms, this property is projected to generate nearly $240,000 in annual income. Every unit has been upgraded to high standards with brand-new electrical, plumbing, roofing, windows, and finishes, including LVP flooring, tiled showers, and modern lighting. High-efficiency electric heating systems have been installed in each unit, with tenants responsible for utilities, significantly lowering operating expenses to an estimated 40%. Currently fully vacant, leasing is underway to establish cash flow prior to sale, offering buyers a seamless transition. West blvd neighborhood offers a unique blend of city convenience and neighborhood charm, Just minutes from key Cleveland employers, transit hubs, shopping, and popular dining spots its ideal for tenants looking to enjoy the areas amenities and short commutes. Convenient closing options available contingent on completion of work by January 2025. Don't miss this opportunity for a high-quality, passive investment in a desirable Cleveland area. Contact us today!
Details
| Mls | 5084320 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1918 |
| Days On Site | 19 |
| Listing Provided By | Keller Williams Citywide | Gregory Erlanger |
Features
| Sq Feet | 15,228 |
|---|---|
| Basement | Y |
| Units | 21 |
| Buildings | 1 |
| Acreage | 0.25 |
Market Activity 44111
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Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44111 |
| Listing VS Median (in 44111) | |
Price: $1,950,000 low | high Med: $169,000 SqFt: 15,228 low | high Med: 1,720 $ / SqFt: $128 low | high Med: $98 On Site: 19 low | high Med: 109.000000 | |