969 Nathaniel Rd, Cleveland, OH 44110
Auction
$200,000
Estimated Value
Active for Sale
| Listing ID |
11362112 |
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| Property Type |
Multi-Unit (5+) |
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| County |
Cuyahoga |
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| Township |
CLEVELAND |
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| Neighborhood |
23140 |
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| School |
East Cleveland City School District |
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| Tax ID |
115-30-075 |
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| FEMA Flood Map |
fema.gov/portal |
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| Year Built |
1923 |
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Online Auction 5 Unit Apartment - Cleveland - 969 Nathaniel Rd
ONLINE ONLY REAL ESTATE AUCTION Bidding starts at $200,000 AUCTION DATE : Tuesday January 14th @ NOON PROPERTY ADDRESS: 969 Nathaniel Rd Cleveland OH 44110 Cuyahoga County Parcel ID: 115-30-075 Description A well maintained 5 unit apartment building with 4 - 3BR/1BA and 1 - 3BR/1BA units. All the units were completely renovated recently and occupied. Individual gas furnaces and tenants pay their own gas and electric. Landlord is responsible only for water, sewer and trash. All the units have hardwood floors. Ample parking space available with recently resurfaced lot. Has Security measures actively in place including cameras. Close to I-90 and Collinwood High school is few steps away. Solid brick building. There is a sixth unit which is currently used as storage. If renovated, this unit can be another 3BR unit. Lead certified by city of Cleveland. Cap Rate 9-12% depending on final contract price Net operating income is currently $37,173. Lot Size: 0.18 Acres Annual Taxes: $ 3,000 (approx)
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- Online Only Auction
- Visit Auction Site
- Location: Online Bidding at OhioRealEstateAuctions .com
- Starts: Dec 16th 2024 12:00am
- Ends: Jan 14th 2025 12:00am
- 6 Full Baths
- 7192 SF
- 0.18 Acres
- Built in 1923
- 3 Stories
- Renovation: Units have been well maintained
- Brick Siding
- Municipal Water
- Municipal Sewer
- 10 Parking Spaces
- 10% Cap. Rate
- Gross Income $61,560
- Net Income $37,173
- Management Exp $4,925
- Maintainence Exp $5,000
- Insurance Exp $3,060
- Electric Exp $3,600
- Misc Exp $2,400
- Total Exp $21,309
- Paid by Landlord: Water, Ground Maint.
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Ohio Real Estate Auctions LLC
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Listing data is deemed reliable but is NOT guaranteed accurate.
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