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3250 E 49th Street, Cleveland, OH 44127
sale
$595,000
|
Multi-Family
Listed By CENTURY 21 Carolyn Riley Realty
Prime Investment Opportunity - 12-Unit Brick Apartment Building in Historic Slavic Village, Cleveland. Seize this exceptional investment opportunity in this solid three-story, all-brick 12-unit apartment building features (10) one-bedroom and (2) two-bedroom apartments in historic Slavic Village, Cleveland. 10 of 12 units have been renovated within the last 18 months. Seller purchased, vacated the majority of the building, completing approximately $200k in repairs, turns and updates in 2023 & 2024 and is ready to hand it to it's new owner. Current ownership engaged professional management services, helping to stabilize the building. Management co is happy to continue. The building is compliant with City of Cleveland requirements in rental registration and lead safety. Location is ideal - minutes from Downtown Cleveland, with easy access to public transportation, nearby other affordable housing opportunities, and in close proximity to the Slavic Village Redevelopment project. Both on and off street parking options are available. Tenants pay electric, owner pays water/sewer/trash/gas/common areas electric. With a strong rental demand and a professionally managed operation, this property is positioned for long-term cash flow and appreciation.
Contact Team
Property Features
- Age: Over 50 Years Old
- Area Description: Metropolitan
- Building Area: 4618.00 SF
- Cross Docks: N
- Exterior Description: Brick
- For Auction: N
- General: Laundry Facilities
- Level Number: 3
- MLSID: 5103335
- Parking Places: 12
- Price Per Area: 0.00
- Price Upon Request: N
- Sewer: Public
- Style: Multi-Family (5-20 Units)
- Sublease: N
- Total Units: 12
- Water: City Water
- Year Built: 1963
Directions to This Property
3250 E 49th Street, Cleveland, OH 44127
Demographic Data for 3250 E 49th Street, Cleveland, OH 44127
Average Age
36
Married
19%
Number of Homes
1,604
Homes with Children
31.39%
Occupation Type
Transportation to Work
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
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