There will be online bidding for this auction. We are currently finishing the catalog. Please check back soon for online registration and bidding information.
Huge opportunity to own a well-maintained 9-unit brick apartment complex in the heart of Little Italy! Garden style building built in 1905.
Property Features.
• One studio (1 bath) unit
• Two (1 bedroom, 1 bath) units
• Six (2 bedroom, 1 bath) units
• Each unit is equipped with stove & refrigerator
• Separately metered electric and gas (tenants pay)
• Common laundry area w/ Bluetooth washer and dryer
• Off-street parking area
• Gas forced air furnace and hot water tank in each unit Each tenant pays a $50 monthly admin. fee that includes: cable, Wi-Fi, water, trash, pest control, and sewer.
Strong Rental Income:
• Current rent roll: $6,330.45/month (with 3 vacancies)
• Potential income: $11,000/month
Excellent Location: In the heart of Little Italy with dining, shopping & entertainment, plus public transportation including the University CircleLink Shuttles. Walking distance to Case Western Reserve and University Hospital. Extremely well-maintained property with a strong rental history!
Cuyahoga County Parcel #121-04-0606. Call today for details and to learn how to purchase this property at auction! Please respect the tenants privacy. Units will be open 1 hour prior to auction for inspection.
**NOTE: Also selling another 9-unit same day close in proximity at 12:30 PM at 2646 North Moreland Blvd., Cleveland, OH.