505 E 149th Street, Cleveland, OH 44110
- $148,000
- 4
- BD
- 2
- BA
- 2,054
- SqFt
- List Price
- $148,000
- Status
- ACTIVE
- Days on Market
- 16
- MLS#
- 5240042
- Subtype
- Residential Income
- Year Built
- 1921
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 2,054
- Acres
- 0.11
- Subdivision
- Lake Shore Blvd Sub/J Lar
- Neighborhood
- Lake Shore Blvd Sub/J Lar
- MLS Area Major
- Cleveland
Property Description
Great investment opportunity! This fully remodeled multifamily property features two spacious units, each offering two bedrooms and one full bathroom, plus a third bonus unit with one bedroom and one full bathroom. All three units have been completely renovated with modern finishes and are equipped with BRAND NEW 2026 MECHANICALS. Additional improvements include: updated plumbing and electrical systems (2026), along with a NEWER ROOF. The units are currently being marketed for rent, making this property an excellent option for an investor looking to build a strong rental portfolio or an owner-occupant seeking additional income potential. CMHA will pay up to $1243 for a 2-bedroom unit in 44110. Even at 80% of maximum rent (or $994), this property would generate NEARLY $24,000 annually, easily beating the 1% Rule and exceeding a 10-cap requirement.
Additional Information
- Taxes
- $1,272
- Heating
- Forced Air
- Air Conditioning
- None
- Levels
- Three Or More
- Roof
- Shingle
- Parking Features
- Driveway, Off Street, On Street
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Jullian Vaughn, jullian@premierheights.com With Premier Heights Realty LLC
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