OH > Cleveland > Palmer & Boyers Allotment
Cleveland, OH 44120,3296-3300 E 149th ST
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Cleveland, OH 44120,3296-3300 E 149th ST
Cleveland, OH 44120,3296-3300 E 149th ST
Cleveland, OH 44120,3296-3300 E 149th ST
Cleveland, OH 44120,3296-3300 E 149th ST
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Brian Marshall

Brian Marshall

+1(304) 559-9039
$ 1,300,000
Est. payment /mo
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Price Dropped by $100K

3296-3300 E 149th ST Cleveland, OH 44120

0.36 Acres Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Palmer & Boyers Allotment

MLS Listing ID 5165970

HOA Y/N No

Year Built 1923

Annual Tax Amount $1,652

Tax Year 2024

Lot Size 0.360 Acres

Acres 0.36

Property Sub-Type Apartment

Property Description

Outstanding investment opportunity - add two fully renovated, high-income-producing apartment buildings to your portfolio. Together, these properties generate over $17,000 in monthly gross rental income. There is potential for even higher market rents, as the buildings house brand new tenants who moved in after the 2023 renovations. Enjoy a tax abatement on the property until 2038. Each building, completely updated in 2023, includes a tenant-operated, app-based laundry facility and individually metered units. Situated in Cleveland, a city with robust rental demand driven by its diverse economy and expanding healthcare and tech sectors, these properties are an ideal investment in a cost-effective and promising rental market. Capitalize on this chance to invest in one of the Midwest's most attractive rental markets. Current buildings are equipped with a property management team to ensure a seamless, hands-off ownership transition, if necessary for the buyer.

Location

State OH

County Cuyahoga

Rooms

Basement Common Basement, Finished

Interior

Heating Hot Water, Steam

Cooling None

Fireplace No

Exterior

Parking Features No Garage, Paved, Parking Lot

Water Access Desc Public

Roof Type Composition,Flat

Present Use Residential,Single Family

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 130-18-121

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Northern Ohio Regional MLS (YES-MLS)
Listed by Violetta Varenkova • IIP Management, LLC. • 216-503-6300, offers@iip-management.com
Brian Marshall

Brian Marshall

Agent | License ID: RS349041

+1(304) 559-9039

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3296-3300 E 149th ST