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1204 Auburn AVE Cleveland, OH 44113
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Key Details
Sold Price $510,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,924 sqft
Price per Sqft $129
Subdivision John G Jennings University Heights
MLS Listing ID 4505610
Year Built 1890
Annual Tax Amount $6,876
Lot Size 4,530 Sqft
Property Description
5 unit apartment building in the heart of TREMONT!! Calling investors for a wonderful opportunity to own this piece of property. Two buildings (1204 & 1206 Auburn). There is a common basement under 1204 and two seperate partial basements for the two units of 1206. All very dry. Back unit has all new appliances and has been gutted, painted, new carpet & new flooring down to replacing the drywall (vacant unit). Was used as a short term rental producing almost 3k a month. All newer water tanks and a new furnace. All other units are occupied. Some rents are currently under market value. Monthly projected income of $4,744 and NOI of over 42k a year if you took over today and did no updates. Act fast this won't last- Rare opportunity minutes from Downtown Cleveland, around the corner from parks, schools, pubs, eateries and entertainment. Not far from the Cleveland clinic and other hospitals with easy highway access. Cash flowing with rental income destined to grow!! -LEAD CERTIFIED-
Location
State OH
County Cuyahoga
Interior
Heating Forced Air, Gas
Cooling Window Unit(s)
Exterior
Fence Full
Roof Type Asphalt,Fiberglass
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Mathew P Chase • Keller Williams Greater Metropolitan