Listing Tools

Listed by C. Timothy Murphy III of CTM Organization LLC (440-941-3846 tim@tim-murphy.org)
Fully occupied, 5 unit turnkey South Collinwood apartment building bringing in $5,402/month. All units thoroughly renovated and all units are 100% subsidized by either CMHA or Eden and are generating top of the market rents. All units have recently passed the CMHA / Eden pre-tenancy inspections and is lead safe certified through 8/16/2026. Each unit is submetered for electric and gas with their own furnaces and hot water tanks. Two furnaces and 3 water tanks recently replaced too. Landlord pays for water / sewer, trash removal, and common area electric. The owners were considering converting the attic to a studio apartment, and the basement is massive with room for another unit, so there's room for an enterprising investor to increase the rent potential by adding another unit or two. Rents for each unit are as follows: Unit #1: 3/1. $1,202/month rent fully subsidized by Eden. Unit #2: 3/1. $1,300/month rent fully subsidized by CMHA. Unit #3 3/1. $1,300/month rent fully subsidized by CMHA. Unit #4: 2/1. $850/month rent fully subsidized by Eden. Unit #5: 1/1. $750/month subsidized by CMHA. This low maintenance turnkey property is the perfect portfolio builder for investors who are looking to sit back and collect the rent checks. This building may be purchased on its own, or in a package deal two other nearby turnkey properties; a duplex and a single family home. No seller financing. No wholesalers. Offers with assignment clauses will be rejected. See broker remarks or email broker for a video walk through of the property.

Property Details of 837 Wayside Road

Exterior Features

Utilities and Appliances

Community

Other Details

Map Location

Based on information submitted to MLS Now as of September 15, 2024 5:56 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.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to be contacted by the Howard Hanna | Don Petrasek via call, email, and text. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Message and data rates may apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.