3390 E 149th Street, Cleveland, OH 44120

$181,500

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Sold Price
$181,500
List Price
$190,000
Status
CLOSED
Days on Market
164
Closing Date
Nov 30, 2023
MLS#
4468004
Subtype
Commercial Sale
Year Built
1930
Subdivision
Palmer
Neighborhood
Palmer
MLS Area Major
Cleveland

Property Description

***Great Investment Opportunity*** 6 unit incoming producing property bringing in $2,375/mo that's $28,500/year with room to increase rents. Tenants have been in place long term and would like to stay. Roof is under 10 years old. There are 4 of the 6 hot water tanks that are new. Each unit is a 1 bed 1 bath and some units have been recently updated. Owner pays electric in common areas such as hallways and basement(about 90$ a month) Tenant pays their own electric, gas. The water & sewer bill is received by the seller and split amongst tenants respectively. Seller has a 3 year contract in place with Republic in order to do trash collection. Seller pays $110.37/mo for trash collection with Republic Services. Professional Property Manager in place

Additional Information

Taxes
$3,200
Heating
Forced Air, Gas, None
Roof
Asphalt, Fiberglass
Parking Features
Outside, Paved, On Street
School District
Cleveland Municipal - 1809

Listing Courtesy of: Robert J Cole, robwithremax@gmail.com With RE/MAX Above & Beyond

Selling Office: Keller Williams Elevate.

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