3233 W 56th Street, Cleveland, OH 44102
- $129,000
- 6
- BD
- 4
- BA
- 2,968
- SqFt
- Sold Price
- $129,000
- List Price
- $149,900
- Status
- CLOSED
- MLS#
- 5054194
- Year Built
- 1900
- Closing Date
- Oct 24, 2024
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 2,968
- Region
- Cleveland
- Township
- Cleveland
- Subdivision / Building
- Hoyt
Property Description
Calling all investors and flippers! This four-unit property on Cleveland's coveted West Side presents an extremely rare value-add opportunity with a projected gross annual rent of over $42,000 per year! The building is completely vacant due to a recent fire affecting primarily the upstairs unit, while the other three units sustained minimal damage. The fire-damaged unit will need a full renovation, but the other three units require only minor updates to become rent-ready for strong tenants. The property has two 2-bedroom 1-bath units, one 1-bedroom 1-bath unit, and one studio apartment. The property has updated electrical, good furnaces and newer and separate water heaters! Don't miss this chance to capitalize on a true value-add investment in a prime Cleveland location! Professional Management currently in place & is available moving forward with multiple pricing packages (inquire for more info) They have managed it since 2018.
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Additional Information
- Taxes
- $1,828
- Acres
- 0.12
- Sewer
- Public Sewer
- Roof
- Composition
- Water
- Public
- Heating
- Forced Air
- Cooling
- None
- School District
- Cleveland Municipal - 1809
Mortgage Calculator
Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services
Selling Office: Russell Real Estate Services.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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