Welcome to 1204 & 1206 Auburn Ave! A five unit apartment building in the heart of TREMONT!! Calling investors for a wonderful opportunity to own this piece of property. ALL units occupied. A one bed one bath unit, a two bed one bath unit, a completely renovated two bed one bath 2025, a three bed one bath and a renovated four bed one bath 2023. Gross income of $58,600/year with much room for growth. Two buildings with a common basement under 1204 and two separate partial basements for the two units of 1206. Updated electrical. Back unit has newer appliances and has been recently gutted, painted, new carpet & new flooring down to replacing the drywall. All newer water tanks and a newer furnace. Some rents are currently under market value. Rare opportunity minutes from Downtown Cleveland, around the corner from parks, schools, pubs, eateries and entertainment. Not far from the Cleveland clinic and other hospitals with easy highway access. Inquire to agent regarding specifics on recent updates, rent roll and building financials.
MLS# | 5098688 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1890 |
Days On Site | 99 |
Listing Provided By | Keller Williams Greater Metropolitan | Mathew P Chase |
Basement | Y |
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Acreage | 0.10 |
State | OH |
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County | Cuyahoga |
City | Cleveland |
Zip Code | 44113 |
Community Name | John G Jennings University Heights |
School District | Cleveland Municipal - 1809 |
Elementary School | Cleveland Municipal - 1809 |
Middle School | Cleveland Municipal - 1809 |
High School | Cleveland Municipal - 1809 |
Listing VS Median (in John G Jennings University Heights) | |
Price: $585,000 low | high Med: $200,000 On site: 99 low | high Med: 384.000000 |