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17506 Nottingham Road, Cleveland, OH 44119

33 Photos
 
$649,000
Active for Sale
 
Listing ID 11368191
Property Type Commercial
County Cuyahoga
Township Cleveland
Total Tax $8,914
Tax ID 113-25-004
FEMA Flood Map fema.gov/portal
Year Built 1962
Virtual Tour
Located on a charming residential brick road, Nottingham Place has undergone several meaningful enhancements and is ideal for investors looking for a cash-flowing asset with still room to grow. Conveniently located near the Waterloo Arts and Entertainment District, walking-distance from Euclid Beach Park this property is just as much appealing to your tenants. Notably, it offers both off-street surface parking for residents and guests, as well as a private covered garage for all residents. It comprises of 10 units total - 1 studio apartment, 3 1-bedroom apartments and 6 2-bedroom units. 100% occupancy historically. Basement has utilities and rough-ins available for creating one additional 2-bedroom unit adding to the potential of this property. Start earning cash flow from day 1. Half of the units are at market rent leaving substantial growth potential for the new owners as leases mature. Owners have made significant investment in the upkeep of the property by making some meaningful improvements since taking possession: Installed new coin-operated washer/dryer for additional income New refrigerators in units 2, 3, 4, 6, 8, 9 New electric range in units 2, 3, 4, 5, 6, 7, 8, 10 Replace all unit fuse boxes with breaker panels New window AC for all units New vinyl flooring in all units Removed shrubs and bushes and general cleanup Cleaned all gutters (jetted) and installed new gutter guards Jetted all drain lines Removed unused satellite dishes on roof and patch as required
Property Details
  • 0.45 Acres
  • Built in 1962
  • Tenant Occupancy
  • Lower Level: Partly Finished
  • Lot Size Source: Assessor
Interior Features
  • Gas Fuel
  • Wall/Window A/C
  • Laundry Features: coinoperated
Exterior Features
  • Asphalt Shingles Roof
  • Detached Garage
  • Community Water
  • Community Septic
  • Subdivision: 15 MOSESAL&M 0382 ALL
Income/Expenses
  • Net Income $57,154
  • Water Exp $2,556
Taxes and Fees
  • $8,914 Total Tax
  • Tax Year 2023
  • Additional HOA Fee: 5400
  • Operating Expense: 32791
Listed By
Howard Hanna
Office: 440-793-0100
Howard Hanna
Listing data is deemed reliable but is NOT guaranteed accurate.
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