3248 E 139th ST new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44120
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Behm Homestead Allotment
MLS Listing ID 5141519
HOA Y/N No
Year Built 1920
Annual Tax Amount $7,988
Tax Year 2024
Lot Size 9,805 Sqft
Acres 0.2251
Property Sub-Type Apartment
Property Description
Incredible opportunity to acquire an absolutely TURNKEY 8 unit property bringing in nearly $7,000 per month currently! This property contains (8) two bedroom, one bathroom units that have all been completely renovated including vinyl plank flooring, paint, updated kitchens with new cabinets, and updated bathrooms. In addition, ALL NEW MECHANICALS have been installed (furnaces & HWT's) as well as electrical and plumbing updated. The roof was also completely replaced in the last couple years. This is truly a turnkey opportunity and will allow a new owner walk into consistent cash flow right from day 1! Rents are currently under market and a savvy owner can easily bring the income to $8,000+ per month through organic rent bumps (or more through renting to section 8, voucher holding tenants)! There is also coin operated laundry in the basement as an added amenity for tenants. Tenants are responsible for gas and electric. Owner pays water/sewer and trash.
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 130-11-058
Special Listing Condition Standard