For Sale

Listed by Teri Chmielewski and Ben Chmielewski from Keller Williams Greater Metrop

Source: MLS Now #5018688

2133 Murray Hill Road, Cleveland, OH, 44106

$800,000

6
4
14
3898 sq. ft.
0.22 ac.

Duplex

30+ days on the market

What's around 2133 Murray Hill Road

About this property

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.

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