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1881 Noble Road

East Cleveland, OH 44112
  • $289,900
  • STATUS: Active
  • ON SITE: 108 Days
  • MLS #: 5015961
UPDATED: 182 min ago
$289,900
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

School District:
Listing courtesy of Keller Williams Citywide.
Listing information © 2024 YES-MLS.

Description

The Noble Apt offers 7 units, featuring nearly all 2 bedroom units, each over 1000sq ft. The 7th unit is a vacant 1 bed unit with 885 sq ft located on the lowest level and will require a full renovation. The seller has made some Large Capx improvements that includes installing a new furnace, a new hwt, vinyl windows and a brand new sewer line. Unit 5 has recently under gone improvements to make it rent ready & the Flat roof has no issues. There are 6 full time security cameras that can transfer to new owner. Tenants are responsible for their own gas and electric. 5 units are currently are occupied at $3893/mo total. Placing the remaining 2 units would add 1500/mo! Once stabilized, this building will cashflow $5500/ mo. ($66,000 per year!) Expenses are low making your profits high. Current income: Unit 1: 743 eden (3 years), Unit 2: 800 cash, Unit 3: 750 cash, Unit 4: 800 eden, Unit 5: vacant will be rent ready (800), Unit 6: $800 cash & Unit 7: Basement that requires renovation (market rent $700). NOI from the 6 -2 bed units alone is over $25,000/ year! For more information or to schedule your showing please contact the listing agent.

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Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-14T00:08:26.38.
www.kennenrealtors.com/homes/148938430
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1881 Noble Road East Cleveland, OH 44112

  • Price: $289,900
  • Status: Active
  • On Site: 108 Days
  • Updated: 182 min ago
  • MLS #: 5015961
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1925
Built
Neighborhood:
Highland Park Allotment
County:
Cuyahoga
Area:
East Cleveland
School District:
East Cleveland CSD
Property Description
The Noble Apt offers 7 units, featuring nearly all 2 bedroom units, each over 1000sq ft. The 7th unit is a vacant 1 bed unit with 885 sq ft located on the lowest level and will require a full renovation. The seller has made some Large Capx improvements that includes installing a new furnace, a new hwt, vinyl windows and a brand new sewer line. Unit 5 has recently under gone improvements to make it rent ready & the Flat roof has no issues. There are 6 full time security cameras that can transfer to new owner. Tenants are responsible for their own gas and electric. 5 units are currently are occupied at $3893/mo total. Placing the remaining 2 units would add 1500/mo! Once stabilized, this building will cashflow $5500/ mo. ($66,000 per year!) Expenses are low making your profits high. Current income: Unit 1: 743 eden (3 years), Unit 2: 800 cash, Unit 3: 750 cash, Unit 4: 800 eden, Unit 5: vacant will be rent ready (800), Unit 6: $800 cash & Unit 7: Basement that requires renovation (market rent $700). NOI from the 6 -2 bed units alone is over $25,000/ year! For more information or to schedule your showing please contact the listing agent.
Exterior Features

Attached Garage YN No Parking Features Off Street Outside Paved Parking Lot Roof Flat

Interior Features

Basement Apartment Full Unfinished Basement YN Yes Cooling None Cooling YN No Heating Forced Air Hot Water Steam Heating YN Yes Main Level Bathrooms 0

Property Features

Association Fee2 200 Elementary School District East Cleveland CSD - 1812 Listing Terms Cash Conventional Middle Or Junior School District East Cleveland CSD - 1812 Property Sub Type Apartment Sewer Public Sewer Tax Annual Amount 3122 Township Cleveland Water Sewer Expense 450 Water Source Public

Listing information © 2024 YES-MLS.
Listing provided courtesy of Keller Williams Citywide: 440-892-2211.
Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-14T00:08:26.38.
 
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Kennen & Kennen Realtors
2241 Chapline St.
Wheeling WV, 26003
Listing courtesy of Keller Williams Citywide.
Listing information © 2024 YES-MLS.