23
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$495,000
Est. payment /mo
0.3 Acres Lot
New
4016 Silsby RD University Heights, OH 44118
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision University
MLS Listing ID 5258290
HOA Y/N No
Year Built 1949
Annual Tax Amount $10,560
Tax Year 2025
Lot Size 0.301 Acres
Acres 0.3006
Property Sub-Type Apartment
Property Description
Five 1 bed/1 bath apartments in University Heights. Major items are done: new roof in 2026, new concrete in the rear parking lot, and new furnaces in 3 of the units in 2025. 2027 city apartment license certificate. Scheduled rent is $4,265/month. The lower-level unit is vacant and ready to lease. Rents are below market, which leaves upside. Units are separately metered. Owner pays water only. Seller financing available: 60% down, 7% interest, 20-year amortization, 3-year balloon. Buy this building on its own, or as part of a 25-unit, 4-building portfolio with 2565-69, 2657 and 2762 Noble.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Assigned, Covered, Paved
Water Access Desc Public
Roof Type Flat,Slate
Present Use Commercial,Multi-Family
Total Parking Spaces 5
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 721-02-095
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Kit Custer • RE/MAX Transitions • kitsoldit@gmail.com, 330-221-6578
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