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Key Details
Sold Price $456,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 9,216 sqft
Price per Sqft $49
MLS Listing ID 4428786
Sold Date 05/12/23
HOA Y/N No
Abv Grd Liv Area 9,216
Year Built 1963
Annual Tax Amount $7,472
Property Description
INVESTORS - great opportunity to purchase a cash-flowing portfolio of 8 condos in the Miles Landing community in the desirable rental market of Warrensville Heights, OH! Please note, the properties MUST be sold together! Not only is it currently at a 9% CAP AS-IS and fully occupied (minus one just-vacated unit), but there is also upside in rents including 3 of the units that just applied for Section 8 rent increase and were approved for $900 (2-bed units). The portfolio consists of a total of 18-beds and 13-baths spanning across all 8 condos with two of the condos having 3-beds and the rest as 2-beds and varying bathroom counts. Additional parcel numbers include: 763-17-487, 763-17-402, 763-17-467, 763-17-429, 763-17-372, 763-18-355, 763-18-303. Again - reiterating these must all be sold TOGETHER! Really great addition to an investor's Northeast Ohio portfolio!! See supplements for rent roll and additional info.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Building
Foundation Slab
Sewer Public Sewer
Water Public
Schools
School District Warrensville Heights - 1831
Others
Tax ID 763-18-388
Financing Conventional,Trade
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Bought with Sladjana Novakovic • Russell Real Estate Services