1204 Auburn Avenue, Cleveland, OH 44113

Property Description

5 unit apartment building in the heart of TREMONT!! Calling investors for a wonderful opportunity to own this piece of property. Two buildings (1204 & 1206 Auburn). There is a common basement under 1204 and two seperate partial basements for the two units of 1206. All very dry. Back unit has all new appliances and has been gutted, painted, new carpet & new flooring down to replacing the drywall (vacant unit). Was used as a short term rental producing almost 3k a month. All newer water tanks and a new furnace. All other units are occupied. Some rents are currently under market value. Monthly projected income of $4,744 and NOI of over 42k a year if you took over today and did no updates. Act fast this won't last- Rare opportunity minutes from Downtown Cleveland, around the corner from parks, schools, pubs, eateries and entertainment. Not far from the Cleveland clinic and other hospitals with easy highway access. Cash flowing with rental income destined to grow!! -LEAD CERTIFIED-