Ohio City: A brick four-plex paired with a frame duplex (a six unit complex) with off-street parking. Excellent occupancy history due to its desirable location and character-filled apartment units. Typical units have wood floors, exposed brick, opened floor plans. Some with bay windows, beamed ceilings, or vaulted spaces. The four-plex units are all 2 bed/1 bath units; the duplex has 1bed/1 bath units. Some units are at/near market rate while a couple have long-term tenants with low rents; most tenants are month-to-month. The projected monthly income is $7k in its as-is condition. Units have separate utilities (gas/electric), all appliances are included plus coin laundry. Windows, roof, mechanicals and systems replaced/ updated the past 12 years, or so. Solid building, good investment, popular location. Located 2 miles from downtown CLE or Edgewater State Park & Beach, just a mile from either Gordon Square Arts District or the W25th Corridor, this property is close to many destinations. Limited showings, some units available only with written offers. Inquire for details of rental terms and additional operational expenses.
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