$ 250,000
562 E 140th ST Cleveland, OH 44110
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$ 250,000
Est. payment | /mo
4,791 Sqft Lot
$ 250,000
Est. payment | /mo
4,791 Sqft Lot
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Subdivision Henry C Wick
MLS Listing ID 5068280
HOA Y/N No
Year Built 1920
Annual Tax Amount $10,523
Tax Year 2023
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Located in a highly accessible area of Cleveland, just off Waterloo Rd and E 152nd St, this multifamily property presents an exceptional value-add investment opportunity. Conveniently positioned right off I-90, this 6-unit building with 2 one-bedroom units and 4 two-bedroom units makes it an attractive option for investors seeking to enhance rental income and property value.
Currently, 4 of the 6 units are renovated and generating steady income, while the remaining 2 units require a full renovation, offering significant upside potential. In addition to the potential rental income from the rehabed units, there is a further opportunity to increase revenue by installing laundry facilities in the basement. Recent upgrades of the stabilized units include: Fresh paint, new carpet throughout, tubs reglazed, updated plumbing, all new electrical panels, each unit CMHA approved and inspected (3 tenants are CMHA). Listing agent has an ower interest in property
Currently, 4 of the 6 units are renovated and generating steady income, while the remaining 2 units require a full renovation, offering significant upside potential. In addition to the potential rental income from the rehabed units, there is a further opportunity to increase revenue by installing laundry facilities in the basement. Recent upgrades of the stabilized units include: Fresh paint, new carpet throughout, tubs reglazed, updated plumbing, all new electrical panels, each unit CMHA approved and inspected (3 tenants are CMHA). Listing agent has an ower interest in property
Location
State OH
County Cuyahoga
Interior
Heating None
Cooling None
Fireplace No
Exterior
Water Access Desc Public
Roof Type Flat
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 112-01-140
Special Listing Condition Standard
Listed by Lovie Hogan • EXP Realty, LLC. • asoneinvestments216@gmail.com 216-541-9164
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Kim Merckle
REALTOR® | Lic# 2001015588