26
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$550,000
Est. payment /mo
10,075 Sqft Lot
Price Dropped by $25K
3865 W 40th ST Cleveland, OH 44109
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Alice J Bakers Allotment
MLS Listing ID 5192671
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1900
Annual Tax Amount $4,025
Tax Year 2025
Lot Size 10,075 Sqft
Acres 0.2313
Property Sub-Type Apartment
Property Description
Welcome to 3865 w 40th Street in Ohio's Brooklyn Centre Historic District, a six unit building with over 9,600 SF. Four out of the six units have recently been renovated, property offers 4 three bedrooms and 2 two bedrooms. Separately metered for gas and electric with new electric panels, high efficiency furnaces and hot water tanks. Additionally the renovated units have new carpet, vinyl LVP, interior/exterior paint, vinyl windows, kitchen cabinets and countertops, electric ranges, bathroom vanities, toilets, and tub surrounds. All Six units are configured with a main floor that includes the living area and kitchen, second floor with bedrooms and full bathroom, and an unfinished basement. Opportunity for a new owner to accept Voucher based Section 8 Subsidy in an effort to significantly increase the rents OR continue operating as a market rent property. Ideal stable investment with additional value add opportunity! Current income from 3 units is $3,600/mo!
Location
State OH
County Cuyahoga
Rooms
Basement Concrete
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Parking Features On Street
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 014-02-029
Listed by Antonio Biasiotta • Keller Williams Elevate • AntonioB@KW.com, 440-223-0575
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