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For Sale Apartment

3865 40th Street, Cleveland, OH

3865 40th Street, Cleveland, OH, 44109
$575,000

Property Details

Apartment

Description

Welcome to 3865 w 40th Street in Ohio's Brooklyn Centre Historic District, a six unit building with over 9,600 SF. Four out of the six units have recently been renovated, property offers 4 three bedrooms and 2 two bedrooms. Separately metered for gas and electric with new electric panels, high efficiency furnaces and hot water tanks. Additionally the renovated units have new carpet, vinyl LVP, interior/exterior paint, vinyl windows, kitchen cabinets and countertops, electric ranges, bathroom vanities, toilets, and tub surrounds. All Six units are configured with a main floor that includes the living area and kitchen, second floor with bedrooms and full bathroom, and an unfinished basement. Opportunity for a new owner to accept Voucher based Section 8 Subsidy in an effort to significantly increase the rents OR continue operating as a market rent property. Ideal stable investment with additional value add opportunity! Current income from 3 units is $3,600/mo!

Property Information

Address 3865 40th Street
City Cleveland
State OH
Zip Code 44109
Price $575,000
Property Type Commercial Sale
Listing Type Apartment

Location

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