1156 Carl AVE new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44103
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5151431
Year Built 1917
Annual Tax Amount $4,850
Tax Year 2024
Lot Size 5,270 Sqft
Property Sub-Type Apartment
Property Description
This updated 6-unit apartment building offers strong cash flow potential with major improvements already completed. The roof was replaced in 2025 and comes with a 15-year warranty. Each unit features refinished hardwood and luxury vinyl plank flooring, fresh paint, updated kitchens, and several bathroom upgrades. Every unit also includes a private porch, adding to tenant appeal. Building systems have been modernized with new GE electrical panels and wiring in each unit, a new exterior electric meter bank, updated PVC plumbing, newer furnaces, and several newer hot water tanks. Vinyl windows are installed throughout. Currently, Unit 1 & 2 are rented at $1,150/month each, with the remaining units vacant and ready for lease-up. The seller is also willing to assist in filling additional units. This property is a turnkey opportunity for investors seeking immediate income with long-term upside.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Schools
School District Cleveland Municipal - 1809
Others
Special Listing Condition Standard