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5896-5898 Lee Road S

Maple Heights, OH 44137
  • $750,000
  • STATUS: Contingent
  • ON SITE: 41 days
  • MLS #: 4277290
Under Contract
UPDATED: 59 min ago
$750,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,618
    SQFT
  • $78
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1969
County:

School Ratings & Info

Listing courtesy of Century 21 Homestar.
Listing information © 2021 YES-MLS.

Description

Turnkey 12 Unit garden style apartment building. Eight two bedroom units and four one bedroom units. Current gross income is around $101,000 a year, currently 100% occupied, expenses were around $38,000 in 2020, plus some capital improvements. Cash cow, low vacancy rates, seller spends no money on advertising, just puts a sign up and phone starts ringing. 10 outdoor parking spots and 12 garage spots! Roof is two years old, 2 inch insulation with glued on TPO, garage roof is new aluminized steel. Can be sold together with building on opposite corner.

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Listing information © 2021 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 Select Properties Realty 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 2021-06-20T20:07:29.123.
www.selectpropertiesrealty.com/homes/116944392
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5896-5898 Lee Road S Maple Heights, OH 44137

  • Price: $750,000
  • Status: Contingent
  • Updated: 59 min ago
  • MLS #: 4277290
0
Beds
0
Baths
0
½ Baths
0.4
Acres
9,618
SQFT
$78
$/SQFT
1969
Built
Neighborhood:
Mugler Ave
County:
Cuyahoga
Area:
Maple Heights
Property Description
Turnkey 12 Unit garden style apartment building. Eight two bedroom units and four one bedroom units. Current gross income is around $101,000 a year, currently 100% occupied, expenses were around $38,000 in 2020, plus some capital improvements. Cash cow, low vacancy rates, seller spends no money on advertising, just puts a sign up and phone starts ringing. 10 outdoor parking spots and 12 garage spots! Roof is two years old, 2 inch insulation with glued on TPO, garage roof is new aluminized steel. Can be sold together with building on opposite corner.
Exterior Features

Levels Two Parking Features AssignedCoveredOutside Roof Flat

Interior Features

Basement YN No Building Area Total 9618 Cooling Wall Unit(S) Cooling YN Yes Foundation Details Slab Heating BaseboardGasHot WaterSteam Heating YN Yes

Property Features

Above Grade Finished Area 9618 Association Fee2 3600 Insurance Expense 4177 Lease Considered YN No Listing Terms CashConventional Net Operating Income 56521 Owner Pays ElectricityGasHeatSewerTrash CollectionWater Ownership Principal/Nr Property Sub Type Apartment Sewer Public Sewer Tax Annual Amount 14200 Tenant Pays Cable TvElectricity Township Maple Heights Trash Expense 1111 Water Sewer Expense 10946 Water Source Public Year Built Details Actual Ybt

Listing information © 2021 YES-MLS.
Listing provided courtesy of Century 21 Homestar.
Listing information © 2021 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 Select Properties Realty 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 2021-06-20T20:07:29.123.
 
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Select Properties Realty
116 Putnam Street
Marietta OH, 45750
Listing courtesy of Century 21 Homestar.
Listing information © 2021 YES-MLS.