3 unit property, corner lot, on a great street in Cleveland Heights. I am an investor and unfortunately I am going to have to sell early. I have spent approximately $35,000 demo-ing the property, installing brand new plumbing throughout the property, and starting the electrical panel. The property also has a new roof, exterior paint, and the foundation was repaired in 2018 with permanent framing in place. This property is perfect for a contractor, investor, or owner-occupant to live rent free. But it does need a lot of work. I have an 2018 appraisal at $230,000, and the 3 unit directly behind us is for sale at $289,000. It depends how you finish out the property but with comparable homes around and a basic interior rehab you should expect at least in the $215,000-230,000 range. After rehab you should expect to be able to get at least $1,000/month for each unit, and 3rd unit 750-850. The 2nd floor unit has a separate access stairwell to the right. Please contact Jared at (440) 840-4382 to coordinate a showing. Agents & Brokers welcome, will pay commission. NO CALLS ABOUT LISTING THIS PROPERTY FROM REALTORS, PLEASE!
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