2545 Kenilworth Street
Cleveland Heights, OH, 44106
Price$901,000
Beds0
Baths0
SqFtn/a
Baths0
SqFtn/a
Status:Active
Property Type:Commercial
School:Cleveland Hts-Univer – 1810
Property Type:Commercial
School:Cleveland Hts-Univer – 1810
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.
| Price | $901,000 | |
| Total Baths | 0 | |
| Lot Size Area | 0.444 | |
| Lot Size Area Units | Acres | |
| Acres | 0.444 | |
| Property Type | Commercial | |
| Sub type | Apartment | |
| MLS Sub type | Apartment | |
| Year Built | 1958 | |
| Roof | Flat Tile, Rubber | |
| Heating | Forced Air, Gas | |
| Parking Description | Asphalt, Covered, Carport, Detached Carport, On Site, Off Street, Parking Lot, Private | |
| Parking Spaces | 30 | |
| Directions | Murray Hill (Mayfield Rd) to Kenilworth make a hard right | |
| County | Cuyahoga | |
| Address | 2545 Kenilworth Street, Cleveland Heights, OH 44106 | |
| Postal Code | 44106 | |
| City | Cleveland Heights | |
| State | OH | |
| Country | United States | |
| Listing Office | EXP Realty, LLC. | |
| Listing Office Phone | 866-212-4991 | |
| Listing Office Email | [email protected] | |
| Listing Agent | Torry McJunkins | |
| Listing Agent Phone | (216) 469-5227 | |
| Terms | Cash,Conventional,1031 Exchange | |
| District | Cleveland Hts-Univer – 1810 | |
| Days on market | 10 | |
| MLS Status | Active | |
| Listing Last Modified | Sep 19, 2024 | |
| Tax ID | 685-05-003 | |
| Tax Year | 2023 | |
| Tax Annual Amount | 27795 | |
| MLS # | 5068639 | |
Tour this home
Choose the date and time of your tour, and one of our agents will confirm your request shortly.
Similar Properties
Find similar properties to 2545 Kenilworth Street, Cleveland Heights, OH 44106
