2545 Kenilworth Street , Cleveland Heights, OH 44106
Cleveland Heights, OH 44106
Description
Prime Location - Don't miss this incredible real estate investment opportunity! This impressive 11-unit building boasts a steady 90% or better occupancy rate; currently, we are fully occupied. All units have their furnace (in-unit), and a/c units are on the roof. The exception is #10, which has a furnace in the laundry room, two hot water heaters in the laundry supply of the building, and onsite laundry for eight two-bedroom and three one-bedroom apartments. A new roof was installed in 2013, and all new windows, except for two units, were installed in 2016. This property is 100% pet and smoke-free. Nestled at the top of Murray Hill near the charming Little Italy neighborhood, this well-maintained two-story, all-brick building with no basement is a solid investment. The spacious lot includes a detached all-brick carport with space for approximately 30 vehicles and ample street parking. While the apartments could benefit from some cosmetic updates, doing so can increase rental rates and a higher return on investment, making it a promising opportunity to enhance the property's value.
Details
| Mls | 5068639 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 88 |
| Listing Provided By | EXP Realty, LLC. | Torry McJunkins |
Features
| Sq Feet | 13,104 |
|---|---|
| Car Port | Yes |
| Units | 11 |
| Buildings | 1 |
| Zoning | Commercial |
| Acreage | 0.44 |
Market Activity 44106
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Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland Heights |
| Zip Code | 44106 |
| Listing VS Median (in 44106) | |
Price: $901,000 low | high Med: $325,000 SqFt: 13,104 low | high Med: 1,388 $ / SqFt: $69 low | high Med: $234 On Site: 88 low | high Med: 217.000000 | |
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