Property Description

INCREDIBLE INVESTMENT OPPORTUNITY. According to CMHA 2025 rental rates, this property would bring in 168k a year! In the 44118 Cleveland Heights Zip Code (ask agent for document on updated rental rates) this is the one to snag. Beautiful brick 7 unit building. Six, very large 3 bedroom units projected to bring in up to $12,672 each a month and a large studio in the basement to bring in up to $1,356 a month= up to $14,028 a month/168k a year. Some units occupied, however, with taking advantage of the cmha guaranteed income with the updated rents, would be best to stabilize on own. Talk about profit.. The six 3 bedroom units are all updated and move in ready, newer hot water tanks. Each unit has it's own furnace and H20 tank/separate electric and gas meters. Basement has coin laundry and newer PEX plumbing has been installed. Each unit has separate front/back door and there is a parking lot out back with three spots and parking in front of building. Close to Coventry Village, Severance center, University Circle and just a 10 min drive to Cleveland Clinic Main Campus. Location, location plus immense cash flow. Call your agent today!

Property Features

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