Pending
1456 W 107th Street
Cleveland OH, 44102
$1,495,000
Pending
Commercial
Built in 1963
1456 W 107th Street is. nestled between Cleveland's highly desirable Lakewood and Gordon Square and Detroit Shoreway communities. short walk to the lake, go see the Browns, CAVS or Indians, MGM Casino or Cleveland's downtown theater and business district, just 4 miles bus or car ride to Cleveland's Theater, Financial and Business districts.
This ALL brick mid 1960's boasts 14) apartments, all 1 bed / 1 bath approximately 550 sq per units each with their own w/ A/C.
Complete luxury renovation in 2022/23 with ALL NEW flooring, lighting, solid surface granite countertops w/ farmhouse oversized sinks and spray neck faucets , nicely finished with all NEW SS appliances. Step into the bathroom where you'll find hospitality grade finishes w/ honeycomb ceramic tile on floor to offset the white subway tile finishes.
This property is nicely finished with onsite laundry and off street secure/private parking for each unit at the rear.
Seller has positioned this asset at top of the market and has top of the market rents .
Each unit has its own breaker box and all electrical has been upgraded from fuses and new meter bases.
Tenants Pay:
Electric and Cable
Owner pays: Water, Sewer, Sanitation and Gas/Heat
(Tenant Back Charged for Utilities at Approximately $90 per unit for heat/gas included in rent - Avg. Rent of $1,100 )
2 Newer Boilers - previous owners
Set Of Coin Operated Washer/Dryer on Site generates about $120 monthly (NET).
Annual Income: $174,480
Annual Expense: $ 36,275
CAP ~ 8.2 %
Property Taxes:$ 13,091
Insurance: $ 6,408
5012306
MLSⓇ ID
January 22, 2024
Listed
April 22, 2024
Updated
Map
1456 W 107th Street
Cleveland OH, 44102
Interior Features
Total Stories
3
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Gas, Hot Water, Steam
Exterior/Building Features
Lot Size
0.16 Acres
Sewer
Public Sewer
School Information
School District
Cleveland Municipal - 1809
Other Property Details
Taxes
$13,109
Tax Frequency
Annually
Days on Market
90
Garage
No
Parking Total
20
View
No
County
Cuyahoga
Municipality
Cleveland
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
4/22/2024 | Pending | — |
3/6/2024 | Price Change | $1,495,000 -10% |
Courtesy of Keller Williams Citywide
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