4818 Memphis Avenue, Cleveland, OH 44144
- $415,000
- 8,846
- SqFt
- Sold Price
- $415,000
- List Price
- $450,000
- Status
- CLOSED
- MLS#
- 4501156
- Year Built
- 1926
- Closing Date
- Jan 29, 2024
- Living Area
- 8,846
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.
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Additional Information
- Taxes
- $7,474
- Acres
- 0.28
- Sewer
- Public Sewer
- Roof
- Asphalt, Fiberglass, Flat
- Water
- Public
- Heating
- Forced Air, Gas, Hot Water, Steam
- Cooling
- Central Air
- School District
- Cleveland Municipal - 1809
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Listing Courtesy of: Michael A Ferrante, info@21mike.com With Century 21 HomeStar
Selling Office: Keller Williams Citywide.The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now and updated as of . Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
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