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Key Details
Sold Price $120,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Kent
MLS Listing ID 5093324
Sold Date 06/06/25
HOA Y/N No
Year Built 1920
Annual Tax Amount $2,220
Tax Year 2023
Lot Size 5,536 Sqft
Acres 0.1271
Property Sub-Type Apartment
Property Description
Prime Investment Opportunity – Solid Brick 5-Unit in Up-and-Coming Location! Located near the vibrant Waterloo Arts District and iconic destinations like the Beachland Ballroom and Tavern, this 5-unit brick building offers incredible potential for savvy investors. The property requires a full renovation but features two 1-bedroom units and three 3-bedroom, 1-bath units, with individual hot water heaters and furnaces—leaving the owner responsible only for water/sewer. Once updated and rented, this property is poised to gross approximately $65,000 annually and is perfectly suited for a Section 8 strategy. Don't miss this chance to transform this building into a high-performing, cash-flowing asset!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Present Use Residential,Single Family
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 112-19-011
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Tal Tamir • Russell Real Estate Services