562 E 140th Street Cleveland, OH $ 250,000
562 E 140th Street
$ 250,000
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562 E 140th Street

Cleveland, OH, 44110
$ 250,000
Baths0.0

Monthly Estimate*

$ 1,497

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Studio

Commercial Property for sale in Cleveland, OH

for $250,000. This building was built in 1920 on a lot size of 0.11.

Located in a highly accessible area of Cleveland, just off Waterloo Rd and E 152nd St, this multifamily property presents an exceptional value-add investment opportunity. Conveniently positioned right off I-90, this 6-unit building with 2 one-bedroom units and 4 two-bedroom units makes it an attractive option for investors seeking to enhance rental income and property value. Currently, 4 of the 6 units are renovated and generating steady income, while the remaining 2 units require a full renovation, offering significant upside potential. In addition to the potential rental income from the rehabed units, there is a further opportunity to increase revenue by installing laundry facilities in the basement. Recent upgrades of the stabilized units include: Fresh paint, new carpet throughout, tubs reglazed, updated plumbing, all new electrical panels, each unit CMHA approved and inspected (3 tenants are CMHA). Listing agent has an ower interest in property

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Commercial Active

Price

$ 250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,523

Style

Lot Size

0.11

Year Built

1920

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5068280

Features
General
Sewer PublicSewer
Heating None
Cooling None
Possession DeliveryOfDeed
Roof Flat
Year Built 1920
Township Cleveland
Property SubType Apartment
Tax Year 2023
County Cuyahoga
New Construction N
Property Type CommercialSale
Home Owner Assoc N
Attached Garage N
Subdivision Name Henry C Wick
Garage Y/N N
Status Active
Directions Property located at the corner of Othello Ave and E 140th St.
City Cleveland
Disclosures OwnerIsListingAgent
View Y/N N
Senior Community Y/N N
High School District Cleveland Municipal - 1809
Zoning Description Commercial
Lot Size Units Acres
Waterfront Y/N N
Carport Y/N N
Electric On Property Y/N N
Land Lease Y/N N
Tax Annual Amount 10523.11
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 9
Living Area Units SquareFeet
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source Assessor
Property Sub Type Additional Apartment
Legal Description 351 WICK 0003 ALL
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Exterior
Water Source Public
Lot Size Area 0.11
Spa N
Lot Size Acres 0.11
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Main Level Bathrooms 0
Total Baths 0
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Internal Only
Street Number 1 562
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* Excluded Features
List By
Lovie Hogan

Listing Agent

Exp Realty, Llc.

Broker

asoneinvestments216@gmail.com

Email

Affordability Calculator

$2,374
Per Month
63%
37%
0%
Monthly Principal & Interest
$1,497
Monthly Property Taxes
$877
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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
10/6/2024$250,000 -3.85% Price Down
9/9/2024$260,000 Listed Price

Map


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562 E 140th Street, Cleveland, OH, 44110 is a Commercial Property for sale at $250,000 with a lot size of 0.11. 562 E 140th Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 44110 which is in Cleveland, OH