Description
Explore an exciting investment opportunity in the bustling North Collinwood neighborhood of Cleveland, OH, at 234 E 156th St. This expansive property boasts a total of six 2-bedroom, 1-bathroom apartments, each currently occupied and generating a total rental income of $4,000 per month.
In addition to the residential units, the property also includes two commercial units that offer potential for additional rental income. While these units require some work to be rented out, they present a promising opportunity to further increase cash flow.
With a total of 1,556 square feet of space situated on a generous 4,180 square foot lot, this property offers ample potential for expansion and renovation. Take advantage of the thriving rental market in North Collinwood and maximize your investment returns.
Don’t miss out on the chance to own this lucrative income-generating property. Schedule a viewing today to discover the possibilities that await at 234 E 156th St!
Details
Updated on September 7, 2024 at 4:38 pm- Property ID: SA24317
- Price: Buy $380,000
- Property Size: 1556
- Land size: 4180
- Bedrooms: 12
- Units: 8
- Bathrooms: 8
- Year Built: 1920
- Property Type: Multi-Family Property
- Property Status: Sold
- Tax: 3383
- Deposit: 5000
- Zoning: MFH
Address
Open on Google Maps- Address 234 E 156th St, Cleveland, OH 44110, USA
- City Cleveland
- State/county Ohio
- Zip/Postal Code 44110
- Area North Collinwood
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What's Nearby?
- Arts & Entertainment
-
Dru Christine Fabrics & Design (0.39 mi)
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Waterloo Arts Festival (0.4 mi)
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Waterloo Arts (0.4 mi)
- Education
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BRICK Ceramic + Design Studio (0.42 mi)
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Community United Head Start & Day Care (0.8 mi)
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Lutheran Schls (0.81 mi)
- Food
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Park Cfm (0.11 mi)
-
V's Gourmet (0.13 mi)
-
Dave's Market (0.19 mi)
- Health & Medical
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Mental Health Services (0.1 mi)
-
Freedom Plasma (0.17 mi)
-
Worship Without Chains Behavioral Health Services (0.2 mi)
- Restaurants
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V's Gourmet (0.13 mi)
-
Georgio's Oven Fresh Pizza (0.2 mi)
-
China One (0.28 mi)
