2133 Murray Hill Road Cleveland, OH $ 800,000
2133 Murray Hill Road
$ 800,000
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2133 Murray Hill Road

Cleveland, OH, 44106
$ 800,000
Baths0.0

Monthly Estimate*

$ 5,588

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Studio

Commercial Property for sale in Cleveland, OH

for $800,000. This building was built in 1914 on a lot size of 0.2224.

This three unit apartment building with ground level retail can generate $5,940 in monthly rent with no additional investment. This includes $500 per month for renting the 10 parking spaced behind the building. The development opportunity can more than double the rental income by building a two, three or four unit structure on the back portion of the .224 acre lot. Located in the heart of Little Italy, this property has been family-owned since 1975 and meticulously maintained. Each existing apartment unit has been updated and has two bedrooms and a full bathroom. The ground level updated retail space with 1/2 bath has been a successful beauty salon for many years. Key upgrades include: first floor back unit renovated in 2022; Deck added off upstairs back unit in 2022; New Furnace in upstairs front unit in 2022; Deck off first floor back unit in 2015; New roof in 2014; Driveway and waterproofing in 2014; Replacement windows in 2013; Hot water tanks for all three units in 2016.

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Commercial Active

Price

$ 800,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,393

Style

Lot Size

0.2224

Year Built

1914

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5019238

Features
General
Sewer PublicSewer
Heating ForcedAir Gas Gravity
Cooling CentralAir WindowUnits
Possession DeliveryOfDeed
Roof Flat Rubber
Year Built 1914
Township Cleveland
Property SubType MixedUse
Tax Year 2023
HOA Fee 2 1200.0
County Cuyahoga
Net Operating Income 51240.0
Operating Expense 14160.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Little Italy
Garage Y/N N
Status Active
Directions In Little Italy
City Cleveland
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District Cleveland Municipal - 1809
Total Units 4
Waterfront Y/N N
Carport Y/N N
Street Name Murray Hill
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 8393.0
Home Warranty Y/N N
Water Sewer Expense 1560.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 29
Building Area Units SquareFeet
Standard Status Active
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source PublicRecords
Total Actual Rent 4950.0
Property Sub Type Additional MixedUse
Buyer Agent Compensation Type Item1
Legal Description 404 0164 SP
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Interior
Basement Full Unfinished WalkOutAccess
Total Stories 2
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Road
Electric On Property Y/N N
Main Level Bathrooms 0
Total Baths 0
Living Area Units SquareFeet
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Exterior
Parking Features Driveway OnSite Outside Paved OnStreet
Water Source Public
Total Parking 14.0
Lot Size Area 0.2224
Number of Buildings 1
Spa N
Building Area Total 3898.0
Lot Size Acres 0.2224
Lot Size Units Acres
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2133
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* Excluded Features
List By
Teri G Chmielewski

Listing Agent

Keller Williams Greater Metropolitan

Broker

tchmielewski@kw.com

Email

Affordability Calculator

$6,288
Per Month
89%
11%
0%
Monthly Principal & Interest
$5,588
Monthly Property Taxes
$699
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457612 Elementary School
4457721 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/24/2024$800,000 Listed Price

Map


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2133 Murray Hill Road, Cleveland, OH, 44106 is a Commercial Property for sale at $800,000 with a lot size of 0.2224. 2133 Murray Hill Road is a studio with 0.0 baths and was built in 1914. The property's zip code is 44106 which is in Cleveland, OH