$ 540,000
976 E 70th ST Cleveland, OH 44103
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$ 540,000
Est. payment | /mo
4,782 Sqft Lot
$ 540,000
Est. payment | /mo
4,782 Sqft Lot
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Hoyt
MLS Listing ID 5077534
HOA Y/N No
Year Built 1920
Annual Tax Amount $2,146
Tax Year 2023
Lot Size 4,782 Sqft
Acres 0.1098
Property Description
Solid 8-Unit Brick Apartment Building – Income Opportunity.
This well-maintained 7000 sqft 8-unit brick apartment building offers 7 two-bedroom, one-bath units and 1 one-bedroom, one-bath unit.
Currently, six units are rented, averaging $900/month per unit, providing immediate cash flow. The one-bedroom unit is under renovation and will be completed before closing, offering the potential for increased income.
This property is projected to gross $7,500 monthly when fully leased and stabilized.
This well-maintained 7000 sqft 8-unit brick apartment building offers 7 two-bedroom, one-bath units and 1 one-bedroom, one-bath unit.
Currently, six units are rented, averaging $900/month per unit, providing immediate cash flow. The one-bedroom unit is under renovation and will be completed before closing, offering the potential for increased income.
This property is projected to gross $7,500 monthly when fully leased and stabilized.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 105-14-047
Special Listing Condition Standard
Listed by Ryan B Rosenthal • New Era Real Estate Group, Inc. • 216-361-5560 admin@newerares.com
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Kim Merckle
REALTOR® | Lic# 2001015588