3296-3300 E 149th Street
Cleveland, OH 44120

Listed at $1,300,000

Details

  • MLS# 5165970
  • Commercial - Business
  • Status Pending
  • 0 Bedrooms
  • Bathrooms
  • 0 Square Feet
  • 0.360 acres
  • Built in 1923
  • Cleveland Municipal - 1809 Local Schools
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Description

Outstanding investment opportunity - add two fully renovated, high-income-producing apartment buildings to your portfolio. Together, these properties generate over $17,000 in monthly gross rental income. There is potential for even higher market rents, as the buildings house brand new tenants who moved in after the 2023 renovations. Enjoy a tax abatement on the property until 2038. Each building, completely updated in 2023, includes a tenant-operated, app-based laundry facility and individually metered units. Situated in Cleveland, a city with robust rental demand driven by its diverse economy and expanding healthcare and tech sectors, these...read more properties are an ideal investment in a cost-effective and promising rental market. Capitalize on this chance to invest in one of the Midwests most attractive rental markets. Current buildings are equipped with a property management team to ensure a seamless, hands-off ownership transition, if necessary for the buyer.

Features

  • None
  • Hot Water, Steam
  • 3.0 Stories
  • $1,652 / year Taxes
  • Public
  • Built in 1923
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All Property Features

  • Property Type: Commercial - Business
  • Basement: Common Basement, Finished
  • Basement: Yes
  • Cooling: None
  • Days on Site: 144
  • Heating: Hot Water, Steam
  • Lot Size: 0.36 Acres
  • Parcel#: 130-18-121
  • Parking: No Garage, Paved, Parking Lot
  • Roof Type: Composition, Flat
  • Sewer: Public Sewer
  • Stories: 3.0
  • Taxes: $1,652 / year
  • Units: 22
  • Water: Public
  • Year Built: 1923