$530,000
$525,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
6,770 SqFt
SOLD DATE : 05/30/2023
Key Details
Sold Price $530,000
Property Type Commercial
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 6,770 sqft
Price per Sqft $78
Subdivision Crestmore Realty Cos Resub
MLS Listing ID 4444238
Sold Date 05/30/23
HOA Y/N No
Abv Grd Liv Area 6,770
Total Fin. Sqft 6770
Year Built 1952
Annual Tax Amount $13,000
Property Description
This well maintained apartment complex features 8 units and is fully occupied. Three units have been recently updated including new appliances. Total rents are currently 6,100 per month with four of the units still under market rents. At max market rents the building can fetch around 7,000 per month. 5 units are on month to month leases as long term tenants and 3 units currently at market rents are on a year lease. The building offers 1-efficiency, 1-1 bedroom, and 6-2 bedroom apartments. The building has a new roof, new windows and the parking lot has been freshly repaved in 2022. One unit has recently been renovated with a new bathroom, flooring, fresh paint, and new fixtures and lighting throughout. Two of the units have been freshly painted and have new flooring as well. Detached garage with a space for each unit is in perfect condition and can be rented out separately. Coin op laundry included and generates approx. 150-200 per month.
Please note that we ask that you do not appr
Location
State OH
County Cuyahoga
Rooms
Basement None
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Garage Assigned, Covered, Driveway, Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Parking Type Assigned, Covered, Driveway, Paved
Total Parking Spaces 8
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 682-22-010
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Shawana T Hanson • Monument Real Estate Services, LLC.
GET MORE INFORMATION
REALTOR® | Lic# 2001015588