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$ 425,000
Est. payment /mo
New
1832 Willowhurst RD Cleveland, OH 44112
7,374 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Willowhurst Allotment
MLS Listing ID 5222974
HOA Y/N No
Year Built 1927
Annual Tax Amount $11,858
Tax Year 2025
Lot Size 7,374 Sqft
Acres 0.1693
Property Sub-Type Apartment
Property Description
17unit with approved city plans and permits already pulled. Property need some roof repair 20k max but is now no longer leaking and outside work for steps and tuck pointing assume 30k. The Major mechanicals ,Plumbing,Electric and HVAC mostly complete. 6 units needing a lot of repair from prior water leaks the rest not bad and need cleanout, flooring and paint. This is a historically fully rented building and most 10+ unit multi families in the immediate area have low occupancy, the power and lights are already on and property is secured with a remote security system so its ready for your crew to walk through to get estimates for repairs. Potential Cash Cow should gross over 190k a year(1k per unit) and net well over 100k/year when managed like similar properties in the area. Dont miss this one. 5 miles from the Cleveland Clinic main campus,4miles from Case Western Reserved College. A member of the owning LLC may be related to listing agent
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 117-16-104
Special Listing Condition Standard
Listed by Gerald Graham • Friendly Home Realty, Inc. • 516-209-6476, ggraham32@hotmail.com
NEARBY SCHOOL & BUSINESS
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