OH > Cleveland > Palmer & Boyers Allotment
Cleveland, OH 44120,3296 - 3300 E 149th ST
Cleveland, OH 44120,3296 - 3300 E 149th ST
Cleveland, OH 44120,3296 - 3300 E 149th ST
Cleveland, OH 44120,3296 - 3300 E 149th ST
Cleveland, OH 44120,3296 - 3300 E 149th ST
Cleveland, OH 44120,3296 - 3300 E 149th ST
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Aaron Gobble

Aaron Gobble

+1(330) 612-2155
$ 1,500,000
Est. payment | /mo

0.36 Acres Lot

Save
$ 1,500,000
Est. payment | /mo
Save

0.36 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Palmer & Boyers Allotment

MLS Listing ID 5113643

HOA Y/N No

Year Built 1923

Annual Tax Amount $1,652

Tax Year 2024

Lot Size 0.360 Acres

Acres 0.36

Property Sub-Type Apartment

Property Description

Outstanding investment opportunity - add two fully renovated, high-income-producing apartment buildings to your portfolio. Together, these properties generate over $17,000 in monthly gross rental income. There is potential for even higher market rents, as the buildings house brand new tenants who moved in after the 2023 renovations. Enjoy a tax abatement on the property until 2038. Each building, completely updated in 2023, includes a tenant-operated, app-based laundry facility and individually metered units. Situated in Cleveland, a city with robust rental demand driven by its diverse economy and expanding healthcare and tech sectors, these properties are an ideal investment in a cost-effective and promising rental market. Capitalize on this chance to invest in one of the Midwest's most attractive rental markets. Current buildings are equipped with a property management team to ensure a seamless, hands-off ownership transition, if necessary for the buyer.

Location

State OH

County Cuyahoga

Interior

Heating Hot Water, Steam

Cooling None

Fireplace No

Exterior

Water Access Desc Public

Present Use Residential

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 130-18-121

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Standard

Listed by Violetta Varenkova • IIP Management, LLC. • 216-503-6300 realestate@iip-management.com
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(330) 612-2155

agobble21@gmail.com

Akron, OH, United States

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3296 - 3300 E 149th ST