Address
2443 Noble Road Cleveland Heights, OH
Price
$ 249,900
Property Attributes
  • MLS#4278086
  • TypeContingent
  • CountyCUYAHOGA
  • CityCleveland Heights
  • AreaCleveland Heights
  • NeighborhoodNoble Park Allotment
  • Zip44121
  • StyleApartment
  • Year Built1951
  • Taxes$ 7759
  • Price$ 249,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5870
  • Lot Size12,197 SqFt
Listing Provided Courtesy Of:
Tal Tamir with Keller Williams Living
Data Source:
MLSNow - 192- OH
Property Description

Great opportunity to add a stabilized 5-unit, brick multi-family building to your portfolio!!! This property has incredible street exposure for drive-by tenants and free marketing! It cash flows from day one and will need very minimal ongoing maintenance. This property has updated pex plumbing, updated electrical, individual furnaces, hot water tanks, and a private detached six-car garage that is not currently being utilized! These can be easily rented out for $10-20 month/space adding additional income to your bottom line. All five units are large and spacious two-bedroom and one-bath with updated tile bathrooms, newer fixtures, carpet, or hardwood throughout. Unit 1 is currently vacant and being marketed at $800/month. The rest of the units are as follows: Unit 2 paying $690/month with a lease expiring 1/31/22. Unit 3 paying $700/month and is on a month-to-month lease. Unit 4 is paying $715/month and is on a month-to-month lease. Unit 5 is paying $850 and is on a month-to-month lease. All five units have been renovated to a certain degree and in order to increase the rest of the rents to the market rate of the building and area (~$800+), there will be only very minor work needed! The building is being sold AS-IS. Buyer to assume POS violations. Spaces for A/C wall units! See supplements for a breakdown of expenses. Thank you!

Price History
5/15/2021 Listed $270,000
7/9/2021 8% - $249,900

General Features

Cooling None, Wall Unit(s)
Heating Forced Air, Gas
Listing Agent State License 2018001908
MLS Area Cleveland Heights
Property Sub Type Additional Apartment
Property SubType Apartment
Property Type Commercial Sale
Roof Asphalt, Fiberglass
Sewer Public Sewer
Status Contingent
Subdivision Name Noble Park Allotment
Terms Cash, Conventional, Trade
Total Actual Rent 2955
Township Cleveland Heights
Virtual Tour https://www.propertypanorama.com/2443-Noble-Rd-Cleveland-Heights-OH-44121/unbranded

Interior Features

Above Grade Finished Area 5870
Heating Y/N Yes
Living Area 5870

Exterior Features

Lot Size Acres 0.28
Lot Size Area 0.28
Lot Size Units Acres
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 44121

Price
AVG $160K
$250K
Taxes
AVG $3,767
$7,759
Visits
AVG 65
58
Year Built
AVG 1949
1951
Walkscore
AVG 40
40
Data Provided by Walkscore ® not using MLS data

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