3444 E 149th Street, Cleveland, OH 44120

Property Description

Look at this 6 unit commercial apartment building for sale! Each unit contains one bedroom, one full bath, kitchen, living room and private entrances. Front units have private balconies! 3 newer furnaces, 2 newer hot water tanks, some newer windows, updated electrical, glassblock in basement! Unit 1 $550 M2M lease, Unit 2 $480 M2M no lease, Unit 3 $475 M2M no lease, Unit 4 $500 M2M Lease, Unit 5 vacant, 6 M2M $450. Tenants pay gas/electric. Owner Water/sewer. Solid Brick Building! Fenced in yard! Add this to your portfolio or start with a great income producing building! Property was purchased on 3/28/2022, started receiving rents in April 2022. In short time, it generated over $20k or $2,219/month, Reflecting: $26,630 annually. Expenses were low so it generated nice income. Lastly, rents potential to increase $50-100 per unit. Units 1-4 have been there for a while, current owner does not have leases for units 2,3,6- all on month to month. Property never conveyed with prior leases. New buyer to construct new lease with tenants. Unit 1+4 on lease currently on month to month. CITY LEAD BASED PAINT COMPLIANT! Selling As is! Close to restaurants, shopping, parks, hospitals, downtown and more! Contact today to see or with questions. This will not last long! Priced to sell with recent repairs done! No wholesales or seller financing!