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4818 Memphis AVE Cleveland, OH 44144
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Key Details
Sold Price $415,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 8,846 sqft
Price per Sqft $46
MLS Listing ID 4501156
Sold Date 01/29/24
HOA Y/N No
Abv Grd Liv Area 8,846
Year Built 1926
Annual Tax Amount $7,474
Lot Size 0.277 Acres
Acres 0.277
Property Sub-Type Mixed Use
Property Description
7-unit mixed use building generating over $7k/month for a 13.4% CAP before management. 2 long-term tenants have been there for decades, literally! Building consists of 4 units up, 2-bedrooms, 3 of 4 rented. One upstairs unit is used as the current management office. Professional manager will remain for prospective buyers. Downstairs are 3 commercial units. Other features: plenty of off-street parking in the rear lot, separate utilities for each unit, upgraded electric panels, newer hot water tanks, and ceiling fans. Convenient location, near freeways, Downtown Cleveland, Airport, shopping, and more.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas, Hot Water, Steam
Cooling Central Air
Fireplace No
Exterior
Parking Features Outside, Paved, On Street
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Flat
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 013-22-031
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with James P Matheos • Keller Williams Citywide
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