2545 Kenilworth ST Active Save Request In-Person Tour Request Virtual Tour
Cleveland Heights,OH 44106
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5068639
HOA Y/N No
Year Built 1958
Annual Tax Amount $27,795
Tax Year 2023
Lot Size 0.444 Acres
Acres 0.444
Property Description
Prime Location - Don't miss this incredible real estate investment opportunity! This impressive 11-unit building boasts a steady 90% or better occupancy rate; currently, we are fully occupied. All units have their furnace (in-unit), and a/c units are on the roof. The exception is #10, which has a furnace in the laundry room, two hot water heaters in the laundry supply of the building, and onsite laundry for eight two-bedroom and three one-bedroom apartments. A new roof was installed in 2013, and all new windows, except for two units, were installed in 2016. This property is 100% pet and smoke-free. Nestled at the top of Murray Hill near the charming Little Italy neighborhood, this well-maintained two-story, all-brick building with no basement is a solid investment. The spacious lot includes a detached all-brick carport with space for approximately 30 vehicles and ample street parking. While the apartments could benefit from some cosmetic updates, doing so can increase rental rates and a higher return on investment, making it a promising opportunity to enhance the property's value.
Location
State OH
County Cuyahoga
Rooms
Basement Apartment,None
Interior
Heating Forced Air,Gas
Fireplace No
Exterior
Garage Asphalt,Covered,Carport,Detached Carport,On Site,Off Street,Parking Lot,Private
Waterfront No
Water Access Desc Public
Roof Type Flat Tile,Rubber
Present Use Residential
Parking Type Asphalt,Covered,Carport,Detached Carport,On Site,Off Street,Parking Lot,Private
Total Parking Spaces 30
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 685-05-003
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange