Property
Beds
8
Full Baths
4
1/2 Baths
None
Year Built
1925
Sq.Footage
5,589
Don't miss this well-maintained brick quad in Nottingham Village section of Collinwood, a couple blocks from a public park area and very quick access to freeway! Each updated unit contains 2 beds/1 bath - separate gas and electric meters-tenants pay own gas/electric. Abundant opportunity to boost rent for each unit- CMHA rent determination for 2 bed unit in 44110 zip is $1,142.00/month! At full potential with CMHA rates, building can generate a total of $4,568 per month!! AND . . . as a value add to this already amazing building, there is a vacant land parcel adjacent (116-03-029) currently owned by Cuyahoga Land Bank and can be purchased from the land bank for just pennies on the dollar - potential buyer to validate land bank adjacent lot purchase program! This value-add option can be used for additional parking, grill/patio/picnic/recreation, or possibly even an additional structure to compliment this already amazing cash flowing opportunity! This building has been lead certified by licensed lead inspector and HVAC certified by city per updated requirements for rental properties! Updated all vinyl thermal pane windows throughout! This building will definitely not last long! NO ASSIGNMENTS OR OWNER FINANCING ON THIS BUILDING OR PORTFOLIO PACKAGE! Seller would prefer to sell as part of portfolio package with the below properties, but will consider individual sales of properties in the portfolio – contact list agent for further details! 4091 Valley Rd, Cleveland MLS# 5141990; 3517 W. 127th St, Cleveland MLS# 5149967; 2621 E. 121st St, Cleveland MLS# 5149989; 16001 Arcade Ave, Cleveland MLS# 5144998; These additional properties provide additional rental income of $5000.00/month at present - all buildings are well stabilized, are 100% occupied, and are ready for new owner to realize amazing cash flow!
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
4
-
Above Grade Finished Area
5589.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Driveway, No Garage, On Site, On Street
-
Pool
No
-
Waterfront YN
NO
-
View
City
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.1
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$299,000
-
Tax Amount
2576.0
-
Sq. Footage
5, 589
-
Price/SqFt
$53
HOA
-
Association
No
School District
-
Elementary School
Cleveland Municipal - 1809
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Cleveland Municipal - 1809
Middle School
High School
Listing Courtesy of Tresa M Klein , Keller Williams Elevate
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