Mary C Meades Allotment Real Estate

Mary C Meades Allotment Real Estate

Welcome to the charming subdivision of Mary C Meades Allotment in Cleveland, Ohio! Nestled in the heart of Cuyahoga County, this historic neighborhood offers a unique blend of old-world charm and modern conveniences.

Mary C Meades Allotment is known for its tree-lined streets, well-maintained homes, and a strong sense of community. Residents here enjoy easy access to top-rated schools, parks, shopping, dining, and entertainment options. Whether you're looking for a cozy bungalow or a spacious family home, this subdivision has something for everyone.

With its close-knit atmosphere and convenient location, Mary C Meades Allotment is the perfect place to call home. Enjoy peaceful suburban living while still being just a short drive away from all the excitement that downtown Cleveland has to offer.

Come and discover the beauty and charm of Mary C Meades Allotment. Find your dream home in this lovely neighborhood and experience the best that Cleveland, Ohio has to offer. Live the life you've always dreamed of in this wonderful community.

Newest Listings in Mary C Meades Allotment

$225,000
5235469 MLS
Value-add mixed-use opportunity offered at just $225,000 with an estimated stabilized value of approximately $360,000. This fully vacant property features four income-producing spaces, including a 4-bedroom apartment, 2-bedroom apartment, storefront, and warehouse/storage space, estimated at $3900/mo total. Beyond rental income, the property’s utility configuration presents an opportunity to implement a RUBS reimbursement program, potentially shifting all utility costs back to tenants. This creates another avenue to improve NOI without significant capital investment. Major systems anre in great shape including a newer roof (-10yr) , vinyl windows, hot water tanks (-5yr) , and a newer Trane furnace, allowing buyers to focus on stabilization rather than major mechanical replacements. The asking price projects a 12.07% cap rate or a $350,000 ARV at an 8% cap rate. Located in Cleveland’s growing Old Brooklyn neighborhood, the property benefits from strong rental demand, ongoing redevelopment along the Pearl Road corridor, and close proximity to MetroHealth Medical Center, Downtown Cleveland, I-71, I-480, Cleveland Metroparks Zoo, and the Towpath Trail. Renovated apartments in the area continue to command premium rents, making this an excellent opportunity to create equity while generating strong cash flow. Schedule your private showing today.

4439 State Road, Cleveland

Listing Courtesy of: Erin Thomas, Erinthomas@kwcommercial.com With Keller Williams Living

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