Ignite FB Tracking Pixel3296 - 3300 E 149th Street, Cleveland, OH 44120 - Vaughn C Martin
RE/MAX Crossroads Properties
RE/MAX Crossroads Properties
Vaughn C Martin, RE/MAX Crossroads PropertiesPhone: (440) 454-2621
Email: [email protected]
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listing
1 of 50
CommercialFor Sale
$1,500,000
3296 - 3300 E 149th Street
Cleveland, OH 44120
Courtesy of Iip Management, LLC.
MLS: MLS Now
Est. Mortgage
$7,843/mo

Outstanding investment opportunity - add two fully renovated, high-income-producing apartment buildings to your portfolio. Together, these properties generate over $17,000 in monthly gross rental income. There is potential for even higher market rents, as the buildings house brand new tenants who moved in after the 2023 renovations. Enjoy a tax abatement on the property until 2038. Each building, completely updated in 2023, includes a tenant-operated, app-based laundry facility and individually metered units. Situated in Cleveland, a city with robust rental demand driven by its diverse economy and expanding healthcare and tech sectors, these properties are an ideal investment in a cost-effective and promising rental market. Capitalize on this chance to invest in one of the Midwest's most attractive rental markets. Current buildings are equipped with a property management team to ensure a seamless, hands-off ownership transition, if necessary for the buyer.

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Information courtesy of Iip Management, LLC. is subject to verification and is not guaranteed.
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