$199,900
( $26.96Per Sq Foot )
$1,330 est/mo Sourced by Back At You5311 Magnet Avenue , Cleveland, OH 44127
Cleveland, OH 44127
Description
Discover a unique investment opportunity with this cash-flowing all-brick, four-unit apartment building alongside a profitable carwash business. Currently generating $3,050/month in total income, it has a proforma projection of nearly $4,000/month. It was also just recently awarded a Lead Safe Certification by the city of Cleveland - one less thing for an investor to think about! The units boast original hardwood floors and will need some additional cosmetic updating to achieve projected rents. Seize this unique opportunity to purchase a business AND small multifamily all in one transaction and continue diversifying and growing your Cleveland portfolio!
Details
| MLS# | 5027595 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 151 |
| Listing Provided By | Russell Real Estate Services | Tal Tamir |
Features
| SQ Feet | 7,416 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.17 |
Market Activity 44127
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Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44127 |
| Community Name | Caleb & Mary D Morgans Sub |
| Listing VS Median (in Caleb & Mary D Morgans Sub) | |
Price: $199,900 low | high Med: $199,900 SqFt: 7,416 low | high Med: 7,416 $ / SqFt: $27 low | high Med: $27 On Site: 151 low | high Med: 151.000000 | |
Listing Updated: June 17, 2024 at 11:46:41 AM PDT