3233 W 56th Street, Cleveland, OH 44102
- $129,000
- 6
- BD
- 4
- BA
- 2,968
- SqFt
- Sold Price
- $129,000
- List Price
- $149,900
- Status
- CLOSED
- Days on Market
- 101
- Closing Date
- Oct 24, 2024
- MLS#
- 5054194
- Subtype
- Residential Income
- Year Built
- 1900
- Bedrooms
- 6
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 2,968
- Acres
- 0.12
- Subdivision
- Hoyt
- Neighborhood
- Hoyt
- MLS Area Major
- Cleveland
Property Description
Calling all investors and flippers! This four-unit property on Cleveland's coveted West Side presents an extremely rare value-add opportunity with a projected gross annual rent of over $42,000 per year! The building is completely vacant due to a recent fire affecting primarily the upstairs unit, while the other three units sustained minimal damage. The fire-damaged unit will need a full renovation, but the other three units require only minor updates to become rent-ready for strong tenants. The property has two 2-bedroom 1-bath units, one 1-bedroom 1-bath unit, and one studio apartment. The property has updated electrical, good furnaces and newer and separate water heaters! Don't miss this chance to capitalize on a true value-add investment in a prime Cleveland location! Professional Management currently in place & is available moving forward with multiple pricing packages (inquire for more info) They have managed it since 2018.
Additional Information
- Taxes
- $1,828
- Heating
- Forced Air
- Air Conditioning
- None
- Levels
- Three Or More
- Roof
- Composition
- Parking Features
- On Street
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services
Selling Office: Russell Real Estate Services.Mortgage Calculator
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