Find your new home in Northeast Ohio

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.

Features
: Hot Water, Steam
: No
Address Map
OH
Cuyahoga
Cleveland
149th
3296 - 3300
Street
44120
W82° 25' 20.3''
N41° 28' 11.4''
E
Property Details
Active
IIP Management, LLC.
Violetta Varenkova
16,986 Sqft
2011000773
N409
130-18-121
: Public Sewer
: Public
$1,652
2014002430
22/05/2025 16:23:30
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No
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3296 - 3300 E 149th Street, Cleveland, Ohio

Commercial Sale For Sale

0.36 Sqft
$1,450,000
Listing ID #5113643
Basic Details
Property Type : Commercial Sale
Property Sub Type : Apartment
Listing Type : For Sale
Listing ID : 5113643
Price : $1,450,000
Year Built : 1923
Lot Area : 0.36 Sqft
Current Use : Residential,single Family
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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