Value add opportunity for any investor looking to acquire property in Cleveland's Tremont neighborhood! One tenant has been in place since 2007 paying $450/mo, tenant #2 has been in place since 2012 paying $500/mo, tenant #3 has been in place since 2018 paying $550/mo, and tenant #4 has been in place since September 2019 paying $550/mo= grossing $2,050/mo with current rents. All tenants are paying below market value for Tremont. Per the MLS, another 3 unit property 6 houses down has tenants paying $1,250/mo, $725/mo, and $650/mo! A quick search for market rent comps in the area will show there is some value add on this property which in turn can increase your NOI. Gas and electric are metered separately and owner pays water/trash. Each unit is 1 bedroom and also has a separate space that can be used as a second bedroom or office area. Call today to schedule a showing!
Cle Between West Blvd & Cuy River
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