2073 Broadview Rd, Cleveland OH 44109 Photo 1 2073 Broadview Rd, Cleveland OH 44109 Photo 2 2073 Broadview Rd, Cleveland OH 44109 Photo 3 2073 Broadview Rd, Cleveland OH 44109 Photo 4 2073 Broadview Rd, Cleveland OH 44109 Photo 5 2073 Broadview Rd, Cleveland OH 44109 Photo 6 2073 Broadview Rd, Cleveland OH 44109 Photo 7 2073 Broadview Rd, Cleveland OH 44109 Photo 8 2073 Broadview Rd, Cleveland OH 44109 Photo 9 2073 Broadview Rd, Cleveland OH 44109 Photo 10

No driving directions were found. Please adjust your search.

2073 Broadview Rd - A renovated apartment building with SELLER FINANCING!!! Do not miss out on this very RARE opportunity. The seller purchased this almost entirely vacant and highly distressed asset in cash in 2016 and has had Holton-Wise handling the management and renovations since. Now that the project is almost entirely complete and the building is running like a well oiled machine it is time for the seller to recoup his cash and collect the interest on the mortgage he is holding. What this means for you is the opportunity to step in right after all the dirty work has been completed. HIGHLIGHTS: Mortgage Terms 50% down payment Amortized over 20 years with a 5 year balloon at 6% interest. Rent Roll Unit 1 3 beds /1 bath. (Over 1k sq ft) Renovation under way. Market rent $750/mo Unit 2 1 bed / 1 bath. Currently leased $535/mo Unit 3 1 bed / 1 bath. Currently leased $495/mo Unit 4 3 beds / 1 bath. Currently leased $725/mo Unit 5 2 beds / 1 bath. Currently leased $625/mo Unit 6 Retail. Currently leased by a Barbershop for 5 years. The business owner is making renovations to the unit and the rent is tiered. The rent will top out at $700/mo Total Gross Rent $3,830/mo Each unit is separately metered for gas and electric (Tenants pay) Over $100,000 worth of work performed by Holton-Wise since 2016. Including a brand new $50,000 roof in 2017 Current property taxes $4,377/year Owner pays water & sewer As this was a complete renovation there are no historical financials.

Listing information

  • MLS® ID: 3927211
  • Status: Active
  • New Construction: No
  • Estimated Annual Taxes: $4,377
  • Style: Mixed Use
  • Stories: 2
  • Foreclosure: No
  • County: Cuyahoga
  • Year Built: 1920
  • Parking Type Description: Street 0 cars
  • Lot Area: 0.13

Features

Apartments Type Apartments/Retail
Assessments Y/N No
Available Financing Cash, Mortgage by Seller
Heating Fuel Gas
Heating Type Forced Air, Hot Water/Steam
Homestead Exemption Y/N No
Other Lot Size Frontage - 45
Possession Time of Transfer
Property Subtype Mixed Use
Water Sewer Public Sewer, Public Water
Listing Courtesy of The Holton-Wise Property Group