3508 W 135th Street
Property Description
Don't miss this great investment opportunity in Cleveland's desirable West Park area! This renovated four-unit property features four 2-bedroom, 1-bath units, each with an open-concept living and kitchen area and its own laundry. The building was completely gutted and renovated from the studs. Major updates include four Goodman high-efficiency furnaces with A/C, power-vent hot water heaters, updated electrical and plumbing, insulation, ductwork, low-E vinyl windows, fiberglass entry doors, and a durable roof system. Each unit is equipped with a refrigerator, microwave, and electric range. Three of the four units are currently occupied, providing rental income while offering the flexibility to live in the vacant unit or rent it out for additional income. Recent exterior improvements include new gravel in the driveway and parking area, stained exterior wood, updated landscaping, and tree removal. Potential Cap Rate 9% Conveniently located near public transportation, shopping, parks, schools, churches, and Kamms Corners, with Fairview Hospital approximately 2 miles away. A great opportunity for investors or owner-occupants looking to build equity while generating rental income!
Broker Details
Greater Cleveland (216) 839-5500
MLS ID: 2012000383 State License Number: 2012000383
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $515,000 |
| Year Built: | 1910 |
| Lot Size: | 2,880.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 4 |
ID: 3yd-NEOHREXOH-5252585
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Remax Real Estate Professionals
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Jared Ennis
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Rick Recckio
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Greg Corbin
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Essex Property Trust, Inc.
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Josh A
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Bob Tuteur
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Andrew Schildcrout