Property Description

17unit with approved city plans and permits already pulled. Property need some roof repair 20k max but is now no longer leaking and outside work for steps and tuck pointing assume 30k. The Major mechanicals ,Plumbing,Electric and HVAC mostly complete. 6 units needing a lot of repair from prior water leaks the rest not bad and need cleanout, flooring and paint. This is a historically fully rented building and most 10+ unit multi families in the immediate area have low occupancy, the power and lights are already on and property is secured with a remote security system so its ready for your crew to walk through to get estimates for repairs. Potential Cash Cow should gross over 190k a year(1k per unit) and net well over 100k/year when managed like similar properties in the area. Dont miss this one. 5 miles from the Cleveland Clinic main campus,4miles from Case Western Reserved College. A member of the owning LLC may be related to listing agent

Property Features

Local Schools