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3296 - 3300 E 149th Street, Cleveland, OH 44120
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$1,400,000
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Home Details for 3296 - 3300 E 149th Street
Price
$1,400,000
Type
Commercial/Industrial
Year Build
1923
Lot Size
0.36
County
Cuyahoga
Tax
$1,652
MLS®️ Listing#
5113643
On exitrealty.com
146 days
Property Description
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.
- Heating Information
- Hot Water
- Steam
- Cooling Information
- None
- Water Features
- Public
Listing Courtesy: IIP Management, LLC. - 216-503-6300, offers@iip-management.com
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information provided courtesy of the Northern Ohio Regional Multiple Listing Service.
Last Updated: 2025-08-21 11:45:53
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$1,400,000
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6370 Mount Pleasant St. NW, North Canton, OH 44720