8.0% cap rate with minimal $50,000 investment to freshen units and raise rents from $3,900 to $5,060. Current rents are $800 and $700 for back house, $500 and $500 for tenants who will remain in front house. $700 and $700 for owner occupied units in front house. Month-to-month. Tenant information will be provided with submitted offer. Information provided on listing is all that is available. New development opportunity for six $350,000 Townhomes. Adjacent lot to north of similar acreage has eight 2016 Townhomes, four sold in $350k range, four in $550k range. Only six smaller units will fit because of lot dimensions. Please check county parcel map. Third option: Make four condos from existing structures, so narrow drive will be grandfathered. Forth option: Totally renovate to provide four luxury apartments.
|DAYS ON MARKET||5||LAST UPDATED||9/12/2019|
|TRACT||William Slade Jrs Allotment||YEAR BUILT||1903|
|COMMUNITY||Cle Between West Blvd & Cuy River||COUNTY||Cuyahoga|
|APARTMENTS TYPE||Apartments Only|
|ASSOCIATION||Akron Cleveland Association of REALTORS?|
|AVAILABLE FINANCING||Cash, Conventional, FHA, VA|
|LAST CHANGE TYPE||New Listing|
|LEGAL DESCRIPTION||87 SLADE NP 45 SP|
|TRANSACTION TYPE||For Sale|
|WATER SEWER||Public Sewer, Public Water|
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than Carl J. Ivec Realty, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
Listing information is deemed reliable, but not guaranteed.
Data Last Updated: 9/16/19 4:04 AM PDT