2133 Murray Hill Road

Cleveland OH 44106

3898 sq. ft.

0.22 ac.

Duplex

Currently for sale - view listing

Overview

This three unit apartment building with ground level retail can generate $5,450 in monthly rent with no additional investment. This includes $500 per month for renting the 10 parking spaces behind the building and $2,000 projected rent for hair salon, which is currently being operated by the building owners. The development opportunity can more than double the rental income by building a two, three or four unit structure on the back portion of the .224 acre lot. Located in the heart of Little Italy, this property has been family-owned since 1975 and meticulously maintained. Each existing apartment unit has been updated and has two bedrooms and a full bathroom. The ground level updated retail space with 1/2 bath has been a successful beauty salon for many years. Key upgrades include: first floor back unit renovated in 2022; Deck added off upstairs back unit in 2022; New Furnace in upstairs front unit in 2022; Deck off first floor back unit in 2015; New roof in 2014; Driveway and waterproofing in 2014; Replacement windows in 2013; Hot water tanks for all three units in 2016.

Features

6 bedrooms

4 bathrooms

14 carspaces

14 carport spaces

3898 sq. ft. floor area

0.22 ac. lot size

Duplex

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