4016 Silsby Road, University Heights, OH 44118

$495,000
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List Price
$495,000
Status
ACTIVE
Stories
2
MLS#
5258290
Year Built
1949
Region
University Heights
Township
University Heights
Subdivision / Building
University
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(440) 539-6347

Property Description

Five 1 bed/1 bath apartments in University Heights. Major items are done: new roof in 2026, new concrete in the rear parking lot, and new furnaces in 3 of the units in 2025. 2027 city apartment license certificate. Scheduled rent is $4,265/month. The lower-level unit is vacant and ready to lease. Rents are below market, which leaves upside. Units are separately metered. Owner pays water only. Seller financing available: 60% down, 7% interest, 20-year amortization, 3-year balloon. Buy this building on its own, or as part of a 25-unit, 4-building portfolio with 2565-69, 2657 and 2762 Noble.

(440) 539-6347
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Additional Information

Taxes
$10,560
Acres
0.30
Sewer
Public Sewer
Roof
Flat, Slate
Water
Public
Heating
Forced Air
Cooling
None
School District
Cleveland Hts-Univer - 1810
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Listing Courtesy of: Kit Custer, kitsoldit@gmail.com With RE/MAX Transitions

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