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About This Home

This 0-bedroom, 0-bathroom multi-family at 5612 Linwood Avenue in Cleveland, OH is listed for $369,900. Built in 1916, on a 0.13 acres lot.

Agent Description

Completed updated, turnkey all brick apartment building with 7 apartments. This is the ideal multifamily investment well positioned close to Cleveland Clinic, Case Western Reserve and University Circle - one of the hottest investment markets in Cleveland, Ohio.

Each unit features large 2 bedrooms and 1 bath units. Each apartment offers separate gas and electric meters - VERY RARE! 6 in unit furnaces, 6 A/C units, 6 H20 tanks, 7 gas meters and 7 electric panels allowing the tenants to pay for their utilities.

On street parking and shared driveway. All units equipped with refrigerators and stoves. Over $250,000 invested into the building by prior ownership. Extensive list of capital improvements including: vinyl windows (2005), electric panels, H2O tanks (2019-2024), kitchens and baths all have tile flooring, tile showers, oaks cabinets, glass block windows in basement, electrical service to property, updated units, updated common areas and more!

Coin operated laundry for additional income. Positioned along the Cleveland Clinic Corridor close to Case Western Reserve University (2.2 miles away). Downtown Cleveland (3.2 miles away). Close to shopping including Daves Supermarket (0.8 miles away).

Highly desirable area for increased rent growth and development in the surrounding area. Great cash flow and easy to maintain. Huge opportunity to bring the 7th apartment back online in the basement. Currently not being utilized and will require renovation. Reach out today for a copy of the Offering Memorandum and to schedule a tour!

Key Features

  • Built in 1916
  • 0.13 acre lot
  • 3 stories
  • 2 parking spaces

Property Details

3 stories
2 spaces
1916

Amenities

A/C

Monthly Cost Estimate

$1,978/mo

20% down · 6.5% · 30 years

Principal$268
Interest$1,603
Insurance$108

Estimates only. Actual payments may vary.

Location

5612 Linwood Avenue

Cleveland, OH 44103

Midway N C Waters

Property Details

Parking

DrivewayOn Street

Heating

Natural GasForced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 5612 Linwood Avenue is listed at $369,900. The estimated monthly payment is $1,603 based on 20% down at 6.5% interest.

Key features include: Built in 1916, 0.13 acre lot, 3 stories, 2 parking spaces.

This property is listed by Anthony D Takacs and can be reached at 4405678047 or takacs.century21@gmail.com.

AT

Anthony D Takacs

Agent at Century 21 Homestar

(440) 567-8047

Listed by Century 21 Homestar

MLS# 5221522· Source: listhub· Updated 1 days ago

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5612 Linwood Avenue, Cleveland, OH 44103

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