5612 Linwood Avenue,Cleveland, OH 44103
Cleveland, OH 44103
Description
Completed updated, turnkey all brick apartment building with 7 apartments. This is the ideal multifamily investment well positioned close to Cleveland Clinic, Case Western Reserve and University Circle - one of the hottest investment markets in Cleveland, Ohio. Each unit features large 2 bedrooms and 1 bath units. Each apartment offers separate gas and electric meters - VERY RARE! 6 in unit furnaces, 6 A/C units, 6 H20 tanks, 7 gas meters and 7 electric panels allowing the tenants to pay for their utilities. On street parking and shared driveway. All units equipped with refrigerators and stoves. Over $250,000 invested into the building by prior ownership. Extensive list of capital improvements including: vinyl windows (2005), electric panels, H2O tanks (2019-2024), kitchens and baths all have tile flooring, tile showers, oaks cabinets, glass block windows in basement, electrical service to property, updated units, updated common areas and more! Coin operated laundry for additional income. Positioned along the Cleveland Clinic Corridor close to Case Western Reserve University (2.2 miles away). Downtown Cleveland (3.2 miles away). Close to shopping including Daves Supermarket (0.8 miles away). Highly desirable area for increased rent growth and development in the surrounding area. Great cash flow and easy to maintain. Huge opportunity to bring the 7th apartment back online in the basement. Currently not being utilized and will require renovation. Reach out today for a copy of the Offering Memorandum and to schedule a tour!
Details
| MLS # | 5221522 |
|---|---|
| Listing Type | For Sale |
| Style | Apartment |
| Sub-Type | Resale |
| Status | Contingent |
| Year | 1916 |
| Days On Site | 66 |
| Listing Provided By | Century 21 Homestar | Anthony D Takacs |
Features
| SQ Feet | 6,759 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 7 |
| Building(s) | 1 |
| Zoning | Commercial |
| Acreage | 0.13 |
Parking
| Parking Features | Shared Driveway, On Street |
|---|
Taxes
| Tax Annual Amount | 7005 |
|---|
Area Information
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44103 |
| Community Name | Midway N C Waters |
| Listing VS Median (in Midway N C Waters) | |
Price: $369,900 low | high Med: $369,900 sqft: 6,759 low | high Med: 6,759 $ / sqft: $55 low | high Med: $55 On site: 66 low | high Med: 66 | |
Market Activity 44103
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Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44103 |
| Community Name | Midway N C Waters |
| Listing VS Median (in Midway N C Waters) | |
Price: $369,900 low | high Med: $369,900 sqft: 6,759 low | high Med: 6,759 $ / sqft: $55 low | high Med: $55 On site: 66 low | high Med: 66 | |