4818 Memphis Avenue, Cleveland, OH 44144
- $415,000
- 8,846
- SqFt
- Sold Price
- $415,000
- List Price
- $450,000
- Status
- CLOSED
- Days on Market
- 91
- Closing Date
- Jan 29, 2024
- MLS#
- 4501156
- Subtype
- Commercial Sale
- Year Built
- 1926
- Living Area
- 8,846
- Acres
- 0.28
Property Description
7-unit mixed use building generating over $7k/month for a 13.4% CAP before management. 2 long-term tenants have been there for decades, literally! Building consists of 4 units up, 2-bedrooms, 3 of 4 rented. One upstairs unit is used as the current management office. Professional manager will remain for prospective buyers. Downstairs are 3 commercial units. Other features: plenty of off-street parking in the rear lot, separate utilities for each unit, upgraded electric panels, newer hot water tanks, and ceiling fans. Convenient location, near freeways, Downtown Cleveland, Airport, shopping, and more.
Additional Information
- Taxes
- $7,474
- Heating
- Forced Air, Gas, Hot Water, Steam
- Air Conditioning
- Central Air
- Roof
- Asphalt, Fiberglass, Flat
- Parking Features
- Outside, Paved, On Street
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Michael A Ferrante, info@21mike.com With Century 21 HomeStar
Selling Office: Keller Williams Citywide.Mortgage Calculator
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