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eXp Realty
4016 Silsby Road, University Heights, OH 44118
- $495,000
- List Price
- $495,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 5258290
- Subtype
- Commercial Sale
- Year Built
- 1949
- Acres
- 0.30
- Subdivision
- University
- Neighborhood
- University
- MLS Area Major
- University Heights
Property Description
Five 1 bed/1 bath apartments in University Heights. Major items are done: new roof in 2026, new concrete in the rear parking lot, and new furnaces in 3 of the units in 2025. 2027 city apartment license certificate. Scheduled rent is $4,265/month. The lower-level unit is vacant and ready to lease. Rents are below market, which leaves upside. Units are separately metered. Owner pays water only. Seller financing available: 60% down, 7% interest, 20-year amortization, 3-year balloon. Buy this building on its own, or as part of a 25-unit, 4-building portfolio with 2565-69, 2657 and 2762 Noble.
Additional Information
- Taxes
- $10,560
- Heating
- Forced Air
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Flat, Slate
- Parking Features
- Assigned, Covered, Paved
- School District
- Cleveland Hts-Univer - 1810
Listing Courtesy of: Kit Custer, kitsoldit@gmail.com With RE/MAX Transitions
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