3556 E 116th Street, Cleveland, OH 44105
- $250,000
- 8
- BD
- 4
- BA
- 3,072
- SqFt
- Sold Price
- $250,000
- List Price
- $250,000
- Status
- CLOSED
- Days on Market
- 19
- Closing Date
- Mar 09, 2024
- MLS#
- 5018711
- Subtype
- Residential Income
- Year Built
- 1963
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 3,072
- Acres
- 0.14
- Subdivision
- Charles Corlett
- Neighborhood
- Charles Corlett
- MLS Area Major
- Cleveland
Property Description
Welcome to your gateway to an exceptional investment opportunity! This four-unit apartment building is a smart investment with significant income potential featuring 4 units, each offering 2 bedrooms and 1 bath. Upgrades include a new roof installed in 2023, a six-year-old A/C system, and a sprinkler system that helps keep the landscaping. There is also a paved parking lot dating back to 2014. These updates not only enhance the property's appeal but also minimize maintenance costs for the savvy investor. Currently, the owner is collecting $800 per unit per month, with tenants responsible for their gas and electricity bills. Whether you’re looking to expand your investment portfolio or start a new venture, this property offers a solid foundation for success.
Additional Information
- Taxes
- $1,007
- Heating
- Hot Water, Steam
- Air Conditioning
- Central Air
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Parking Features
- Paved, Parking Lot
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Art Obleton, artobletonjr@gmail.com With EXP Realty, LLC.
Selling Office: EXP Realty, LLC..Mortgage Calculator
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