Off Market Turnkey Multi Family - 1669-1675 Carlyon Road East Cleveland OH 44112

1669 Carlyon Rd, East Cleveland, OH 44112

$459,400 After Repair Value -
$230,000 Asking Price -
$0 Cost of Repairs =
$229,400 Potential Profit

Property Details

Asking Price $230,000

After Repair Value $459,400

Costs of Repairs $0

Potential Profit $229,400

Living Area 5,840 sqft ft2

Property Type Multi-Family

Bedrooms +7

Bathrooms 6

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

The property is a huge brick six-unit two-story, two-bedroom, one-bath each apartment with back-of-the-building tenant parking.

Sale Price = $230,000.00 (Negotiable)
Current Rental Annual Income - $50,400
Estimated Insurance = $1700
Estimated Tax = $2500
Property Management = 10%
Vacancy = 0% - 100% occupied!
Inspection report available to serious end buyers

Tenants pay $750 monthly. Tenants pay for all utilities except for water and sewer.

The property has approximately 5,840 sqft of floor space. This property has a lot size of 8,640 sqft, built in 1915: no foundation issues and only minor repairs where needed.

Rented BELOW Market Value * - rent comps show the two bedrooms could rent for $919. This property not only provides a stable cash flow opportunity but allows the next owner to add value and reap the benefits of forced appreciation! The property is 100% occupied! Currently self-managed, but there is a property manager we would recommend.

Conveniently located minutes away from schools, multiple local eating establishments, and Case Western Reserve University, Stephanie Tubbs Jones Health Center Cleveland Clinic.


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