2186 West 10th St, Cleveland, Ohio 44113

$500,000
6,096
SqFt
List Price
$500,000
Status
ACTIVE
MLS#
4132615
Year Built
1903
Living Area
6,096
Lot Size
8,276
Region
Cle Between West Blvd & Cuy River
Township
Cleveland-W/R
Subdivision Building
William Slade Jrs Allotment

Property Description

8.0% cap rate with minimal $50,000 investment to freshen units and raise rents from $3,900 to $5,060. Current rents are $800 and $700 for back house, $500 and $500 for tenants who will remain in front house. $700 and $700 for owner occupied units in front house. Month-to-month. Tenant information will be provided with submitted offer. Information provided on listing is all that is available. New development opportunity for six $350,000 Townhomes. Adjacent lot to north of similar acreage has eight 2016 Townhomes, four sold in $350k range, four in $550k range. Only six smaller units will fit because of lot dimensions. Please check county parcel map. Third option: Make four condos from existing structures, so narrow drive will be grandfathered. Forth option: Totally renovate to provide four luxury apartments.

Additional Information

Taxes
$7,638
Acres
0.19
Utilities
Public Water, Public Sewer
Roof
Asphalt/Fiberglass
Basement Description
Full
Cooling
None

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Greater Cleveland.

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