$ 1,600,000
2934 S Moreland BLVD Cleveland, OH 44120
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$ 1,600,000
Est. payment | /mo
0.39 Acres Lot
$ 1,600,000
Est. payment | /mo
0.39 Acres Lot
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Van Sweringen Companys Sub 12
MLS Listing ID 5055303
HOA Y/N No
Year Built 1930
Annual Tax Amount $42,703
Tax Year 2023
Lot Size 0.386 Acres
Acres 0.3857
Property Description
This turn-key building secures both immediate returns and rewarding long-term gains, making it a golden opportunity for savvy investors. Enjoy a lucrative income stream and notable appreciation over time. As you explore this building, you'll be captivated by its beautiful architecture, seamlessly blending classic charm with modern amenities. There are 17 one-bedroom units and 3 two-bedroom units. Each unit features open floor plans, abundant natural light, and tasteful finishes that cater to today's discerning tenants. The building has three separate entrances with two having a basement laundry room access. Imagine owning a property that’s not only beautiful and well-maintained but also a financial performer. The combination of aesthetic appeal, modern conveniences, and solid projected financial metrics makes this an investment you can feel confident in. Full-service property management is available, providing you with hassle-free ownership and peace of mind. This makes the property perfect for both local investors and those looking to expand their portfolio from afar. The building’s prime location, close to a variety of shopping and dining options, enhances its appeal and ensures a steady stream of tenants. The neighborhood's growing popularity creates a stable rental demand, further solidifying the property’s value. This is more than just a building; it’s a strategic investment. Don’t miss your chance to acquire a property that promises both a yearly income and long-term appreciation. Schedule a tour today and see firsthand why this is the ideal addition to your investment portfolio. With its turn-key condition, potential for future rental income, and excellent location, this is an opportunity you won’t want to pass up. Act now and secure a promising future with this outstanding opportunity!
Location
State OH
County Cuyahoga
Rooms
Basement Apartment, Common Basement
Interior
Heating Hot Water, Radiator(s), Steam
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Water Access Desc Public
Present Use Residential
Total Parking Spaces 10
Building
Sewer Public Sewer
Water Public
Schools
School District Shaker Heights Csd - 1827
Others
Tax ID 144-05-006
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Jelena Krilova • Howard Hanna • Jelena@KrilovaGroup.com 216-577-5979
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Kim Merckle
REALTOR® | Lic# 2001015588