12526 Union AVE new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44105
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Kelly
MLS Listing ID 5083988
HOA Y/N No
Year Built 1920
Annual Tax Amount $1,311
Tax Year 2023
Lot Size 8,158 Sqft
Acres 0.1873
Property Description
This well-maintained 6-unit property offers an exceptional investment opportunity with a blend of residential and commercial zoning. The building includes five residential apartments and one flexible commercial space.One apartment was converted into a residential unit. The current owner has made numerous improvements, including recent roof repairs and updates to most water tanks and HVAC systems, ensuring durability and value. The property is fully rented except for one vacant 3-bedroom unit (Unit 4), listed at $950 per month and ready to lease. Tenants enjoy the convenience of owner-paid water, sewer, and trash services. Current rental income ranges from $625 to $1,400 per month. This property is being sold "As-Is," with no additional repairs offered by the seller. With strong occupancy history, versatile zoning, and recent updates, this property is a valuable addition to any portfolio.
Location
State OH
County Cuyahoga
Rooms
Basement Common Basement,Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Garage On Street
Fence Chain Link
Water Access Desc Public
Roof Type Flat
Parking Type On Street
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 137-03-007
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard