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1675 Carlyon Road, East Cleveland, OH 44112

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For Sale

$297,000

0.2 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Apartment
    Property type

  • 0.2 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

Take a look at this amazing Side by Side 6 unit apartment building! Income producing with incredible room for income improvement upon lease turn! This is the perfect property to add to your real estate portfolio or start off with a great income producing asset! Currently, this property is 66% tenant occupied with monthly rents for all four tenants under market at $750 each plus paying their own gas/electric. Market rent amounts can be up to $1,200 a unit! Increase rents in existing units and start 2 new at market in the two vacant units! All units are 2 bedroom/1 bath units with spacious layouts per unit! Brick building! Updates include: NEW vinyl windows throughout, bathroom and kitchen updates in units, newer carpet, ceilings retextured, interior paint, rebuild on front porch/balcony supports, and LVP flooring in select units! Selling as is, Buyer to assume any city Point of Sale report items-IF any, and inspection to be ordered by seller upon contract. Year of Roof and Hvac unknown but in good working order, no leaks, Hvac runs great to units! No escrow for East Cleveland! Close to shopping centers, restaurants, local transportation, parks, freeway access, hospitals and is in close proximity to downtown Cleveland! Do not miss your opportunity to get your hands on this property! Other portfolio properties for sale by same owner can be found at MLS #: 516-8592, 516-8702, 516-8708, 516-8710, 516-8730, 516-8784, 516-8792, 516-8799, 516-8806, 516-8808, 513-4198, and 512-5847!
MLS# 5137785

Courtesy Of Coldwell Banker Schmidt Realty

(440) 951-1410

Property Features

  • Age
    Over 50 Years Old
  • Heating System
    Forced Air
  • Lot Size
    0.2 Acres

Map and Directions

Directions to 1675 Carlyon Road, East Cleveland, OH 44112

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.