Vision Sales Team

3250 E 49th Street

Cleveland , OH 44127

MLS#: 5103335

$550,000

Status: Active
Listing number: 5103335
Listing provided by: Century 21 Carolyn Riley RL. Est. Srvcs, Inc.
Listing agent phone: None
Last update: a day ago
Browse Properties
Original One Hundred Acre - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1963

Sq.Footage

N/A

Prime Investment Opportunity – 12-Unit Brick Apartment Building in Historic Slavic Village, Cleveland. Seize this exceptional investment opportunity in this solid three-story, all-brick 12-unit apartment building features (10) one-bedroom and (2) two-bedroom apartments in historic Slavic Village, Cleveland. 10 of 12 units have been renovated within the last 18 months. Seller purchased, vacated the majority of the building, completing approximately $200k in repairs, turns and updates in 2023 & 2024 and is ready to hand it to it's new owner. Current ownership engaged professional management services, helping to stabilize the building. Management co is happy to continue. The building is compliant with City of Cleveland requirements in rental registration and lead safety. Location is ideal - minutes from Downtown Cleveland, with easy access to public transportation, nearby other affordable housing opportunities, and in close proximity to the Slavic Village Redevelopment project. Both on and off street parking options are available. Tenants pay electric, owner pays water/sewer/trash/gas/common areas electric. With a strong rental demand and a professionally managed operation, this property is positioned for long-term cash flow and appreciation. Do

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Natural Gas, Hot Water, Steam

Exterior

  • Garage

    No

  • Parking

    Asphalt, Off Street, On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.2445

  • Property Type

    Commercial Sale

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $550,000

  • Tax Amount

    9438.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Cleveland Municipal - 1809

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Sewer

    Public Sewer

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Cuyahoga

Elementary School

Cleveland Municipal - 1809

Middle School

High School

Listing Courtesy of Mark E Miller , Century 21 Carolyn Riley RL. Est. Srvcs, Inc.

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent TamiReiss

AGENT

TamiReiss

Call Tami today to schedule a private showing.

(330) 338-6293

Tami@VisionSalesTeam.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Prime Investment Opportunity – 12-Unit Brick Apartment Building in Historic Slavic Village, Cleveland. Seize this exceptional investment opportunity in this solid three-story, all-brick 12-unit apartment building features (10) one-bedroom and (2) two-bedroom apartments in historic Slavic Village, Cleveland. 10 of 12 units have been renovated within the last 18 months. Seller purchased, vacated the majority of the building, completing approximately $200k in repairs, turns and updates in 2023 & 2024 and is ready to hand it to it's new owner. Current ownership engaged professional management services, helping to stabilize the building. Management co is happy to continue. The building is compliant with City of Cleveland requirements in rental registration and lead safety. Location is ideal - minutes from Downtown Cleveland, with easy access to public transportation, nearby other affordable housing opportunities, and in close proximity to the Slavic Village Redevelopment project. Both on and off street parking options are available. Tenants pay electric, owner pays water/sewer/trash/gas/common areas electric. With a strong rental demand and a professionally managed operation, this property is positioned for long-term cash flow and appreciation. Do

3250 E 49th Street

Message successfully sent.

What would you like to know?

Related Properties

Completely updated and tax abated Ohio City mixed-use property offering a fantastic combination of residential and commercial space. The downstairs offers ample space perfect for a variety of commercial uses, whether you're looking to start a business or need an office. It also includes newer windows, recessed lighting throughout, built in desks, full kitchen, coffee bar, ADA half bath, rear deck and a large basement area that provides plenty of room for storage. Upstairs features two spacious bedrooms and one well-appointed bathroom. The full kitchen is a chef's dream, equipped with sleek stainless steel appliances, a dishwasher, and a central island that enhances both functionality and style. The bathroom boasts a luxurious freestanding tub, a stand-in shower, and double vanity for added convenience. Additionally, the unit includes washer and dryer connections and lots of closet space. The property is ideally located within the Ohio City Historic District with many rehabilitated homes and newer construction. The location is steps from the quickly developing Lorain Ave business corridor and also in within walking distance to the restaurants, breweries and coffee shops of the Market District and Hingetown. Easy access to the RTA 26-26A bus route and Red Line Train, which provides direct access to downtown Cleveland, University Circle and the Airport. Plus, with easy access to I-90 and the Lakefront Shoreway, commuting to downtown Cleveland and surrounding areas is quick and convenient. This is an exceptional opportunity to own a property with both residential and commercial potential. Don’t let this one pass you by!
#5103104

Cleveland

4302 John Avenue

None Beds

None Baths

2,777 Sq.Ft.

$549,900

MLS#: 5103104

Turnkey Pet Grooming & Retail Business with Building for Sale – West Park’s Premier Pet Destination! An incredible opportunity to own Style Mutt, West Park’s go-to dog grooming and supply store! This established and profitable business is available with or without the building, giving buyers flexibility to invest in both real estate and a thriving operation. Business Highlights: Multiple revenue streams: Grooming, retail, and doggy daycare Fully equipped with appliances, grooming tools, retail fixtures, security cameras, and full inventory Tech-enabled operations: Monthly rental POS system with First Data, Pawfinity for grooming management, and Shopify for retail & online sales Experienced team: Five skilled groomers with a long-standing and loyal customer base Turnkey opportunity: Start making money from day one! This business boasts a strong local following and proven profitability. Financials are available upon request. Contact us today to schedule a tour of this fantastic building and thriving business!
#5099085

Cleveland

3525 Warren Road

None Beds

None Baths

2,700 Sq.Ft.

$499,900

MLS#: 5099085

4606-4610 Franklin Blvd. Eight unit building in a lovely block of Franklin Blvd.'s stately residences amid glorious shade trees. This building has one efficiency, four one bedroom, one two bedroom, and loft style units. All units offer an electric mix of either contemporary two story lofts, featuring exposed brick and skylights, or vintage flats with unique architectural details and abundant natural light. Kitchen appliances include dishwashers, and all units, except the efficiency, have central air. The two loft units have in suite laundries with a coin-op laundry on site for the other units. Updated mechanical systems. The building has 5 off street parking spaces with alley access. Excellent location, easy to rent. With a projected rent for the vacant one bedroom unit of $925, the monthly income is $6870. Ready access to Hinge Town, Gordon Square, West Side Market area and Edgewater Park.
#5145639

Cleveland

4706 Franklin Boulevard

None Beds

None Baths

N/A

$625,000

MLS#: 5145639

Fully occupied Section 8 apartment building. Recently renovated, lead certified & completely turnkey. Email agent for market rent roll & video tour along with complete investment analysis, drone footage, information on the mechanical systems of the building. Local & out of state investors welcome! Agent owned property.
#5012874

Cleveland

4083 Ridge Road

None Beds

None Baths

N/A

$499,900

MLS#: 5012874

Excellent Investment opportunity with 8% cap rate and more room to grow. in a High-Traffic Area This commercial building features two fully leased units: a long-standing daycare and a busy tire shop. Situated in a high-visibility location with strong traffic flow, this property offers stable rental income and great exposure for businesses. Ideal for investors seeking a turnkey asset in a thriving area.
#5135747

Cleveland

3507 W 117th Street

None Beds

None Baths

N/A

$499,000

MLS#: 5135747

This Portfolio offers a unique opportunity to acquire 6 parcels that include 6 multifamily buildings and a parcel of land on Cleveland’s eastside—totaling 18 units with a diverse mix units.Priced at just $25,000 per unit / $67.89 per sq ft, it is primed for a motivated investor. Current rents and occupancy are below market, resulting in a present cap rate of -2.9%. Once stabilized and repositioned, the proforma cap rate jumps to 33.8%, with gross rental revenue projected at $211,800 annually. Current monthly income: $1950/ mo (from Only 3 occupied units) Current Gross Income: $23,400/year Proforma Gross Income: $211,800/year Actual Expenses: $36,544/year (expected to normalize to $53,312 at stabilization) Proforma NOI: $147,898/year (current NOI is negative) Projected Cash-on-Cash: 107% | IRR: 178% Unit Mix: Studios: 4 1BR/1BA: 3 2BR/1BA: 6 3BR/1BA: 3 5BR/1BA: 1 All properties need varying levels of renovation and lease-up, but most major capital expenditures are already factored into the proforma. Comparable sales in the neighborhood support an ARV between $648,000–$716,000, with plenty of margin for value creation. Whether you’re looking to renovate and refinance, reposition and hold, or eventually sell as a stabilized package, this portfolio offers an unbeatable entry point into Cleveland multifamily with major value-add potential and strong projected returns.
#5126483

Cleveland

9620 Fuller Avenue

None Beds

None Baths

N/A

$450,000

MLS#: 5126483

This large apartment complex is an amazing opportunity for any rental portfolio! With over 7,600 sqft, this building houses 12 units with 11 of those units currently occupied! Each unit has 1 bedroom and 1 bathroom along with coin operated laundry in the building, individual storage units for each unit and off-street parking on site! The occupied units are renting as follows: 1 unit renting for $950, 2 units renting for $900 per month, 1 unit renting for $850 per month, 3 units renting for $825 per month, 3 units renting for $775 per month and 1 unit renting for $695 per month. The building has a boiler heating system for the entire building and separate electrical meters for each unit. The roof was repaired in 2022 and there is a dumpster on-site. Located minutes away from Lake Erie, this property is near Euclid Beach Park and the Cleveland Public Library! There is easy highway access and on route for public transportation. Don't miss out on this solid opportunity! Professional management in place and willing to stay on with new owner. Reach out to learn more today!
#5124475

Cleveland

17740 Lake Shore Boulevard

None Beds

None Baths

7,626 Sq.Ft.

$620,000

MLS#: 5124475

11,200 sq.ft. all brick Two Story building that was used as a Church conversion or house of worship, with multiple study rooms, break-out rooms and/or offices. Day care rooms with 2 bathrooms including kitchen area and eating area. A total of 9 bathrooms. One office has a walk-in closet with a full bathroom. Baptismal bath. Approximately 40 parking spaces. Elevator (not currently functional) Partially fenced. This property is easily adaptable to any commercial use. Prime location. A few blocks from Shaker Square and RTA transportation
#5121598

Cleveland

12001 Shaker Boulevard

None Beds

None Baths

11,200 Sq.Ft.

$590,000

MLS#: 5121598

100% occupied. All tenants are on government guaranteed rental contracts. Email agent for market rent roll & video tour along with complete investment analysis, drone footage, information on the mechanical systems of the building. Professional property management and construction services availalbe. Local & out of state investors welcome! Broker owned building.
#5015385

Cleveland

4101 Ridge Road

None Beds

None Baths

N/A

$469,900

MLS#: 5015385

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here