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Listed by James P Matheos of Keller Williams Citywide (jmatheos@kw.com 440-847-9033)
1456 W 107th Street is. nestled between Cleveland's highly desirable Lakewood and Gordon Square and Detroit Shoreway communities. short walk to the lake, go see the Browns, CAVS or Indians, MGM Casino or Cleveland's downtown theater and business district, just 4 miles bus or car ride to Cleveland's Theater, Financial and Business districts. This ALL brick mid 1960's boasts 14) apartments, all 1 bed / 1 bath approximately 550 sq per units each with their own w/ A/C. Complete luxury renovation in 2022/23 with ALL NEW flooring, lighting, solid surface granite countertops w/ farmhouse oversized sinks and spray neck faucets , nicely finished with all NEW SS appliances. Step into the bathroom where you'll find hospitality grade finishes w/ honeycomb ceramic tile on floor to offset the white subway tile finishes. This property is nicely finished with onsite laundry and off street secure/private parking for each unit at the rear. Seller has positioned this asset at top of the market and has top of the market rents . Each unit has its own breaker box and all electrical has been upgraded from fuses and new meter bases. Tenants Pay: Electric and Cable Owner pays: Water, Sewer, Sanitation and Gas/Heat (Tenant Back Charged for Utilities at Approximately $90 per unit for heat/gas included in rent - Avg. Rent of $1,100 ) 2 Newer Boilers - previous owners Set Of Coin Operated Washer/Dryer on Site generates about $120 monthly (NET). Annual Income: $174,480 Annual Expense: $ 36,275 CAP ~ 8.2 % Property Taxes:$ 13,091 Insurance: $ 6,408

Property Details of 1456 W 107th Street

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Based on information submitted to MLS Now as of June 17, 2024 5:57 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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