4296 Warner RD Pending

Cleveland,OH 44105

$ 1595000

- Bed

0 Bath

0 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Subdivision Slavic Village

MLS Listing ID 5054572

Year Built 1910

Annual Tax Amount $11,650

Tax Year 2023

Lot Size 1.221 Acres

Property Description

Massive value-add opportunity for an investor to create significant equity and instant scale! This mixed portfolio including single family and multifamily presents the perfect opportunity to create equity through significant rental premiums available. All tenants in the portfolio are month to month allowing a buyer to immediately implement a value add business plan and take this portfolio to the next level. Currently grossing $16,360 per month, with bringing rents to market and taking advantage of section 8 premiums, an investor should easily gross over $24,000 per month! The portfolio is made up on (6) single family homes (3-4 bedrooms), (1) duplex, and (2) apartment buildings (8 and 9 unit buildings). Owner pays water/sewer for all properties currently (opportunity to pass this to tenants) and common electric and gas for the apartments.

Location

State OH

County Cuyahoga

Interior

Heating Forced Air

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Acceptable Financing Cash,Conventional,1031 Exchange

Listing Terms Cash,Conventional,1031 Exchange

Special Listing Condition Standard

View More
Favorite Go Tour