505 E 149th Street, Cleveland, OH 44110
- $148,000
- 4
- BD
- 2
- BA
- 2,054
- SqFt
- List Price
- $148,000
- Status
- ACTIVE
- MLS#
- 5240042
- Year Built
- 1921
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 2,054
- Region
- Cleveland
- Township
- Cleveland
- Subdivision / Building
- Lake Shore Blvd Sub/J Lar
Property Description
Great investment opportunity! This fully remodeled multifamily property features two spacious units, each offering two bedrooms and one full bathroom, plus a third bonus unit with one bedroom and one full bathroom. All three units have been completely renovated with modern finishes and are equipped with BRAND NEW 2026 MECHANICALS. Additional improvements include: updated plumbing and electrical systems (2026), along with a NEWER ROOF. The units are currently being marketed for rent, making this property an excellent option for an investor looking to build a strong rental portfolio or an owner-occupant seeking additional income potential. CMHA will pay up to $1243 for a 2-bedroom unit in 44110. Even at 80% of maximum rent (or $994), this property would generate NEARLY $24,000 annually, easily beating the 1% Rule and exceeding a 10-cap requirement.
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Additional Information
- Taxes
- $1,272
- Acres
- 0.11
- Sewer
- Public Sewer
- Roof
- Shingle
- Water
- Public
- Heating
- Forced Air
- Cooling
- None
- School District
- Cleveland Municipal - 1809
Mortgage Calculator
Listing Courtesy of: Jullian Vaughn, jullian@premierheights.com With Premier Heights Realty LLC
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