$ 1,595,000
4296 Warner RD Cleveland, OH 44105
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$ 1,595,000
Est. payment | /mo
1.22 Acres Lot
$ 1,595,000
Est. payment | /mo
1.22 Acres Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Subdivision Slavic Village
MLS Listing ID 5054572
HOA Y/N No
Year Built 1910
Annual Tax Amount $11,650
Tax Year 2023
Lot Size 1.221 Acres
Acres 1.221
Property Description
Massive value-add opportunity for an investor to create significant equity and instant scale! This mixed portfolio including single family and multifamily presents the perfect opportunity to create equity through significant rental premiums available. All tenants in the portfolio are month to month allowing a buyer to immediately implement a value add business plan and take this portfolio to the next level. Currently grossing $16,360 per month, with bringing rents to market and taking advantage of section 8 premiums, an investor should easily gross over $24,000 per month! The portfolio is made up on (6) single family homes (3-4 bedrooms), (1) duplex, and (2) apartment buildings (8 and 9 unit buildings). Owner pays water/sewer for all properties currently (opportunity to pass this to tenants) and common electric and gas for the apartments.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Present Use Residential
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 134-14-131
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687
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Kim Merckle
REALTOR® | Lic# 2001015588