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14201 Westropp AVE Cleveland, OH 44110
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Key Details
Sold Price $120,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Kent
MLS Listing ID 5093324
Year Built 1920
Annual Tax Amount $2,220
Tax Year 2023
Lot Size 5,536 Sqft
Property Sub-Type Apartment
Property Description
Prime Investment Opportunity – Solid Brick 5-Unit in Up-and-Coming Location! Located near the vibrant Waterloo Arts District and iconic destinations like the Beachland Ballroom and Tavern, this 5-unit brick building offers incredible potential for savvy investors. The property requires a full renovation but features two 1-bedroom units and three 3-bedroom, 1-bath units, with individual hot water heaters and furnaces—leaving the owner responsible only for water/sewer. Once updated and rented, this property is poised to gross approximately $65,000 annually and is perfectly suited for a Section 8 strategy. Don't miss this chance to transform this building into a high-performing, cash-flowing asset!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Tal Tamir • Russell Real Estate Services