Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: alexysjones@kw.com, 440-694-5551
Shown By
Agent Name: Meyer & Dial
Agent Phone: (614) 340-9660
Agency Title: Cutler Real Estate
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Property Description
The property currently benefits from long-term tenants paying $700 per unit, providing an established rental history and immediate cash flow. There is also significant rental upside. Based on current fair market rent data and CMHA rental estimates, the units have the potential to generate approximately $1,300 per unit, nearly doubling the current rental income. For an investor, this creates an attractive opportunity to acquire a property with existing tenants while having substantial room to increase rents and improve overall income potential over time.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Other
Cooling: None
Garage: 2
Heating: Forced Air
Lot Size: 0.12 Acres
Roof Type: Asphalt
Stories: 3.0
Taxes: $1,035 / year
Year Built: 1925
Feature Descriptions
Exterior: Aluminum Siding, Vinyl Siding
Parcel#: 671-09-010
Parking: Driveway, On Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: East Cleveland City
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Estimated Payment
$ 763.02 per month $640.31 Principal & Interest $86.25 Property Tax $36.46 Homeowner's InsuranceChange Payment Information
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1656 Bryn Mawr Road | MLS# 5240388
This multi-family property located at 1656 Bryn Mawr Road, East Cleveland, OH 44112 is currently listed for sale with an asking price of $125,000. Bryn Mawr Road is located within the East Cleveland City school district. Search East Cleveland real estate on www.meyeranddial.com today.