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2133 Murray Hill Road

Cleveland, OH 44106
  • $800,000
  • STATUS: Active
  • ON SITE: 141 Days
  • MLS #: 5019238
UPDATED: 57 min ago
$800,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1914
County:
Area:

School Ratings & Info

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

Description

This three unit apartment building with ground level retail can generate $5,940 in monthly rent with no additional investment. This includes $500 per month for renting the 10 parking spaced behind the building and $2,000 per month projected for the hair salon, which is being operated by the building owner. The development opportunity can more than double the rental income by building a two, three or four unit structure on the back portion of the .224 acre lot. Located in the heart of Little Italy, this property has been family-owned since 1975 and meticulously maintained. Each existing apartment unit has been updated and has two bedrooms and a full bathroom. The ground level updated retail space with 1/2 bath has been a successful beauty salon for many years. Key upgrades include: first floor back unit renovated in 2022; Deck added off upstairs back unit in 2022; New Furnace in upstairs front unit in 2022; Deck off first floor back unit in 2015; New roof in 2014; Driveway and waterproofing in 2014; Replacement windows in 2013; Hot water tanks for all three units in 2016.

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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 2024-07-15T18:08:49.693.
www.kennenrealtors.com/homes/147906801
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2133 Murray Hill Road Cleveland, OH 44106

  • Price: $800,000
  • Status: Active
  • On Site: 141 Days
  • Updated: 57 min ago
  • MLS #: 5019238
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1914
Built
Neighborhood:
Little Italy
County:
Cuyahoga
Area:
Cleveland
School District:
Cleveland Municipal
Property Description
This three unit apartment building with ground level retail can generate $5,940 in monthly rent with no additional investment. This includes $500 per month for renting the 10 parking spaced behind the building and $2,000 per month projected for the hair salon, which is being operated by the building owner. The development opportunity can more than double the rental income by building a two, three or four unit structure on the back portion of the .224 acre lot. Located in the heart of Little Italy, this property has been family-owned since 1975 and meticulously maintained. Each existing apartment unit has been updated and has two bedrooms and a full bathroom. The ground level updated retail space with 1/2 bath has been a successful beauty salon for many years. Key upgrades include: first floor back unit renovated in 2022; Deck added off upstairs back unit in 2022; New Furnace in upstairs front unit in 2022; Deck off first floor back unit in 2015; New roof in 2014; Driveway and waterproofing in 2014; Replacement windows in 2013; Hot water tanks for all three units in 2016.
Exterior Features

Attached Garage YN No Parking Features Driveway On Site Outside Paved On Street Parking Total 14 Roof Flat Rubber

Interior Features

Basement Full Unfinished Walk Out Access Basement YN Yes Building Area Total 3898 Cooling Central Air Window Units Cooling YN Yes Heating Forced Air Gas Gravity Heating YN Yes Main Level Bathrooms 0

Property Features

Association Fee2 1200 Elementary School District Cleveland Municipal - 1809 Middle Or Junior School District Cleveland Municipal - 1809 Net Operating Income 51240 Operating Expense 14160 Property Sub Type Mixed Use Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 8393 Township Cleveland Water Sewer Expense 1560 Water Source Public

Listing information © 2024 YES-MLS.
Listing provided courtesy of Keller Williams Greater Metropolitan: 216-839-5500.
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 2024-07-15T18:08:49.693.
 
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Kennen & Kennen Realtors
2241 Chapline St.
Wheeling WV, 26003
Listing courtesy of Keller Williams Greater Metropolitan.
Listing information © 2024 YES-MLS.