2444 Tremont Ave - Multi-Family FOR SALE


Cleveland, OH 44113- Tremont
$730,000 USD
216-619-9696
2444 Tremont Ave, Cleveland, OH for Sale
$730,000 USD
Multi-Family - FOR SALE
1/8
null | Request Cap Rate

2444 Tremont Ave
Cleveland, OH 44113
Tremont


HIGHLIGHTS

  • Great location in one of Cleveland's hottest neighborhoods
  • Very walkable location
  • Parks, restaurants, bars and coffee shops steps away
  • Towpath trail just down the street.

OVERVIEW

Impeccably maintained four family and double on one parcel. All six units are occupied and generating rental income totaling $7385 a month, plus revenue from on site laundry. Separately metered gas and electric utilities. Most units have recently updated kitchens, several with hard surface countertops, stainless steel appliances, and ample cabinetry. All the apartments have central air-conditioning. Front house apartments have two spacious 2 bedroom units including the dramatic lofted suite on the second floor Rear building has four one bedroom units. Property includes off street parking and shared backyard green space. Two year City of Cleveland Lead Certification in place. County records show that the double is 2026 square feet and the rear house is about 4000 square feet. Excellent location, just a few blocks east of Lincoln Park. All the Tremont boutiques, bars and eateries, as well as the Towpath Trail are within a short walk from this unbeatable property. Please do not enter property

FOR SALE DETAILS

PRICE

$730,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

6

PRICE/UNIT

$121,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2444 Tremont Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1870

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,782 SF

ZONING

LOW DEN APT

APN/PARCEL ID

004-14-005

ASK ABOUT THIS PROPERTY

David SharkeyProgressive Urban Real EstateMore Info
216-619-9696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David SharkeyProgressive Urban Real EstateMore Info
216-619-9696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.