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4201 Clinton Ave - TURNKEY 14-unit apartment building. Rehabbed, rented, & management in place. New 30-year architectural shingled roof, updated electrical panel, newer furnaces, new electric baseboard heating, newer water heaters, half of building has new windows, dry basement with lots of storage space, landlord-owned coin laundry. Many long-term tenants (will eventually need unit updates). Fantastic cashflow. Very desirable location in Ohio City / Hingetown -- we receive 20-30 inquiries on vacant apartments within the first 24 hours. Showings by appointment only, once Letter of Intent & Proof of Funds are provided by buyer. Please do not disturb tenants. Available as a package with 4666 W130th (8 units), 9019 Denison (8 units), 1385 W95th (15 units), 4309 Clinton (4 units), & 4407 Clinton (5 units). List agent is seller.

Listing information

  • MLS® ID: 3714332
  • Status: Sold on 10/15/2015
  • New Construction: No
  • Estimated Annual Taxes: $5,231
  • Style: Commercial
  • Stories: 2
  • Foreclosure: No
  • County: Cuyahoga
  • Year Built: 1910
  • Parking Type Description: On Site 12 cars
  • Lot Area: 0.31

Features

Apartments Type Apartments Only
Available Financing Cash, Conventional
Basement Detail Common, Unfinished
Cooling Type Window Unit(s)
Heating Fuel Electric, Gas
Heating Type Baseboard, Forced Air
Location Freestanding, Urban
Other Assessments YN - 0, Electric - 10992, Elevator YN - 0, Heat - 2736, Homestead Exemption YN - 0, Lot Size Frontage - 84, Num Of Apartments Total - 14, Num Of Units - 14, Residential SF - 7760, Sewer Water - 6012, Trash Rubbish - 2256, Units 1 Bedroom - 14
Owner Pays Electric, Gas, Heating, Pays All, Sewer, Trash Collection, Water
Possession Time of Transfer
Property Subtype Apartment
Roof Asphalt/Fiberglass
Tenant Pays Cable/Electric Link
Water Sewer Public Sewer, Public Water
Listing Courtesy of Transnational Property Invest.