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5612 Linwood Ave
Cleveland, OH 44103
Multifamily Property For Sale
·
7 Units
Investment Highlights
- 7 Unit All Brick Apartment Building
- Over $250,000 Invested in Property By Prior Ownership
- 2.2 Miles From Cleveland Clinic and 3.2 Miles From Downtown Cleveland
- Positioned Along The Cleveland Clinic Corridor
- Separate Gas and Electric Meters Allowing the Tenants to Pay For Their Own Utilities
- Huge Opportunity to Bring the 7th Unit On-line in the basement - Currently Needs Full Rehab
Executive Summary
Anthony Takacs and Century 21 are pleased to bring to market this completed updated, turnkey all brick apartment building with 7 apartments. This is the ideal multifamily investment well positioned close to Cleveland Clinic, Case Western Reserve and University Circle - one of the hottest investment markets in Cleveland, Ohio. Each unit features large 2 bedrooms and 1 bath units. Each apartment offers separate gas and electric meters - VERY RARE! 6 in unit furnaces, 6 A/C units, 6 H20 tanks, 7 gas meters and 7 electric panels allowing the tenants to pay for their utilities. On street parking and shared driveway. All units equipped with refrigerators and stoves. Over $250,000 invested into the building by prior ownership. Extensive list of capital improvements including: vinyl windows (2005), electric panels, H2O tanks (2019-2024), kitchens and baths all have tile flooring, tile showers, oaks cabinets, glass block windows in basement, updated electrical service to property, updated units, updated common areas and more! Coin operated laundry for additional income. Positioned along the Cleveland Clinic Corridor close to Case Western Reserve University (2.2 miles away). Downtown Cleveland (3.2 miles away). Close to shopping including Daves Supermarket (0.8 miles away). Highly desirable area for increased rent growth and development in the surrounding area. Great cash flow and easy to maintain. Huge opportunity to bring the 7th apartment back online in the basement. Currently not being utilized and will require renovation. Reach out today for a copy of the Offering Memorandum and to schedule a tour!
Only 9 minutes to Cleveland Clinic and 12 minutes to Downtown Cleveland.
Cleveland regularly ranks in the top 10 multifamily investment markets in the Country due to the impressive returns, job opportunities and world class healthcare. Cleveland Clinic is consistently ranked in the top 1 or 2 hospitals in the world for Heart and Cancer research and treatment. In addition both Metro Health and University Hospitals have major foot prints throughout the Cleveland area.
Multiple fortune 500 companies call Cleveland home including: Progressive Insurance, Sherwin Williams, Cleveland Cliffs, and Parker Hannifin.
Only 9 minutes to Cleveland Clinic and 12 minutes to Downtown Cleveland.
Cleveland regularly ranks in the top 10 multifamily investment markets in the Country due to the impressive returns, job opportunities and world class healthcare. Cleveland Clinic is consistently ranked in the top 1 or 2 hospitals in the world for Heart and Cancer research and treatment. In addition both Metro Health and University Hospitals have major foot prints throughout the Cleveland area.
Multiple fortune 500 companies call Cleveland home including: Progressive Insurance, Sherwin Williams, Cleveland Cliffs, and Parker Hannifin.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Storage Space
- Tile Floors
- Kitchen
- Oven
- Yard
- Family Room
- Mud Room
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
Property Taxes
| Parcel Number | 104-18-038 | Improvements Assessment | $90,783 CAD |
| Land Assessment | $2,606 CAD | Total Assessment | $93,389 CAD |
Property Taxes
Parcel Number
104-18-038
Land Assessment
$2,606 CAD
Improvements Assessment
$90,783 CAD
Total Assessment
$93,389 CAD
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