Off Market Turnkey Multi Family - 1669-1675 Carlyon Road East Cleveland OH 44112. The property is a huge brick six-unit two-story, two-bedroom, one-bath each apartment with back-of-the-building tenant parking. Sale Price = $230,000.00 (Negotiable) Current Rental Annual Income - $50,400 Estimated Insurance = $1700 Estimated Tax = $2500 Property Management = 10% Vacancy = 0% - 100% occupied! Inspection report available to serious end buyers Tenants pay $750 monthly. Tenants pay for all utilities except for water and sewer. The property has approximately 5,840 sqft of floor space. This property has a lot size of 8,640 sqft, built in 1915: no foundation issues and only minor repairs where needed. Rented BELOW Market Value *Rentometer.com rent comps show the two bedrooms could rent for $919. This property not only provides a stable cash flow opportunity but allows the next owner to add value and reap the benefits of forced appreciation! The property is 100% occupied! Currently self-managed, but there is a property manager we would recommend. Conveniently located minutes away from schools, multiple local eating establishments, and Case Western Reserve University, Stephanie Tubbs Jones Health Center Cleveland Clinic.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
