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3248 E 139th St
Cleveland, OH 44120
Turnkey 8 Unit Apartment Building! · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- FULLY RENOVATED, TURNKEY PROPERTY!
- ALL NEW MECHANICALS, ELECTRICAL, PLUMBING AND ROOF!
- (8) TWO BEDROOM, ONE BATHROOM UNITS!
- PROFORMA RENTAL INCOME OF OVER $8,000+ PER MONTH!
EXECUTIVE SUMMARY
Incredible opportunity to acquire an absolutely TURNKEY 8 unit property bringing in nearly $7,000 per month currently! This property contains (8) two bedroom, one bathroom units that have all been completely renovated including vinyl plank flooring, paint, updated kitchens with new cabinets, and updated bathrooms. In addition, ALL NEW MECHANICALS have been installed (furnaces & HWT's) as well as electrical and plumbing updated. The roof was also completely replaced in the last couple years. This is truly a turnkey opportunity and will allow a new owner walk into consistent cash flow right from day 1! Rents are currently under market and a savvy owner can easily bring the income to $8,000+ per month through organic rent bumps (or more through renting to section 8, voucher holding tenants)! There is also coin operated laundry in the basement as an added amenity for tenants. Tenants are responsible for gas and electric. Owner pays water/sewer and trash.
PROPERTY FACTS
| Price Per Unit | $101,435 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| No. Units | 8 | Building Size | 6,434 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Low-Rise | ||
| Zoning | 2F | ||
| Price Per Unit | $101,435 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,434 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | 2F |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 130-11-058 | Improvements Assessment | $99,527 CAD |
| Land Assessment | $7,088 CAD | Total Assessment | $106,616 CAD |
PROPERTY TAXES
Parcel Number
130-11-058
Land Assessment
$7,088 CAD
Improvements Assessment
$99,527 CAD
Total Assessment
$106,616 CAD
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