3250 E 49th Street, Cleveland, Ohio 44127
Listed By CENTURY 21 Carolyn Riley Realty
The Commercial Property for Sale located at Cleveland, Ohio 44127 is currently for sale. Cleveland, Ohio 44127 is listed for $595,000. This property has Metropolitan, Parking features. If the property located at Cleveland, Ohio 44127 isn't what you're looking for, visit https://www.century21global.com to see other Commercial Properties for Sale in Cleveland .
Date Updated : Mar 9, 2025
MLS#: 5103335
$595,000 USD
- Minimum sellable space
429 m² (4,618 ft²)
Property features
Key features
- Metropolitan
- Parking
Construction details
- Year built: 1963
Other features
- Parking Spaces: 12
Area
- Property size:
429 m² (4,618 ft²)
Description
Prime Investment Opportunity – 12-Unit Brick Apartment Building in Historic Slavic Village, Cleveland. Seize this exceptional investment opportunity in this solid three-story, all-brick 12-unit apartment building features (10) one-bedroom and (2) two-bedroom apartments in historic Slavic Village, Cleveland. 10 of 12 units have been renovated within the last 18 months. Seller purchased, vacated the majority of the building, completing approximately $200k in repairs, turns and updates in 2023 & 2024 and is ready to hand it to it's new owner. Current ownership engaged professional management services, helping to stabilize the building. Management co is happy to continue. The building is compliant with City of Cleveland requirements in rental registration and lead safety. Location is ideal - minutes from Downtown Cleveland, with easy access to public transportation, nearby other affordable housing opportunities, and in close proximity to the Slavic Village Redevelopment project. Both on and off street parking options are available. Tenants pay electric, owner pays water/sewer/trash/gas/common areas electric. With a strong rental demand and a professionally managed operation, this property is positioned for long-term cash flow and appreciation.
Location
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