6 Unit Apartment Building For Sale in Cleveland

[George Hoover]

6 Unit Apartment Building For Sale in Cleveland

Great investment property for those that want to venture into commercial real estate.  Here are the specs:

• Sale Price: $269,000
• Address: 4650-4654 Pearl Rd, Cleveland, OH 44109
• All Brick Apartment Building 
• Fully Leased w/ Long-Term Tenants
• Newer Windows 
• Newer Glass Block Windows 
• (6) 2-Bedroom Units
• 6 Individual Storage Units
• Large, paved parking area in rear. Additional street parking also available. 
• Coin-Operated Washers & Dryers 
• 6,963 Total SF 
• Annual Tax: $6,072.04
• Financials available upon request
• Rents are below market rate and expenses could be reduced, so this is a good value-add opportunity
• Cap rate could be above 10%

Let me know if you are seriously interested.

Thank you.