Cleveland, OH 44110,562 E 140th ST
Cleveland, OH 44110,562 E 140th ST
Cleveland, OH 44110,562 E 140th ST
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$250,000
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4,791 Sqft Lot
Pending

562 E 140th ST Cleveland, OH 44110

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UPDATED:

10/15/2024 02:32 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Subdivision Henry C Wick

MLS Listing ID 5068280

HOA Y/N No

Year Built 1920

Annual Tax Amount $10,523

Tax Year 2023

Lot Size 4,791 Sqft

Acres 0.11

Property Description

Located in a highly accessible area of Cleveland, just off Waterloo Rd and E 152nd St, this multifamily property presents an exceptional value-add investment opportunity. Conveniently positioned right off I-90, this 6-unit building with 2 one-bedroom units and 4 two-bedroom units makes it an attractive option for investors seeking to enhance rental income and property value.

Currently, 4 of the 6 units are renovated and generating steady income, while the remaining 2 units require a full renovation, offering significant upside potential. In addition to the potential rental income from the rehabed units, there is a further opportunity to increase revenue by installing laundry facilities in the basement. Recent upgrades of the stabilized units include: Fresh paint, new carpet throughout, tubs reglazed, updated plumbing, all new electrical panels, each unit CMHA approved and inspected (3 tenants are CMHA). Listing agent has an ower interest in property

Location

State OH

County Cuyahoga

Interior

Heating None

Cooling None

Fireplace No

Exterior

Water Access Desc Public

Roof Type Flat

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 112-01-140

Special Listing Condition Standard


Listed by Lovie Hogan • EXP Realty, LLC. • asoneinvestments216@gmail.com 216-541-9164

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John Kazemka

Agent | License ID: SAL.2012001712 / WV0029317

+1(740) 338-9039

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562 E 140th ST