Commercial Real Estate for Sale at 2545 Kenilworth Street in Cleveland Heights, OH for $901,000

Listing data updated October 1, 2024 - 4:31am
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2545 Kenilworth Street | Cleveland Heights

$901,000 | 0.0 Sq. Ft.

Prime Location - Don't miss this incredible real estate investment opportunity! This impressive 11-unit building boasts a steady 90% or better occupancy rate; currently, we are fully occupied. All units have their furnace (in-unit), and a/c units are on the roof. The exception is #10, which has a furnace in the laundry room, two hot water heaters in the laundry supply of the building, and onsite laundry for eight two-bedroom and three one-bedroom apartments. A new roof was installed in 2013, and all new windows, except for two units, were installed in 2016. This property is 100% pet and smoke-free. Nestled at the top of Murray Hill near the charming Little Italy neighborhood, this well-maintained two-story, all-brick building with no basement is a solid investment. The spacious lot includes a detached all-brick carport with space for approximately 30 vehicles and ample street parking. While the apartments could benefit from some cosmetic updates, doing so can increase rental rates and a higher return on investment, making it a promising opportunity to enhance the property's value. MLSNow 5068639

Directions to property: Murray Hill (Mayfield Rd) to Kenilworth make a hard right

MLS Listing ID: 
MLSNow 5068639
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$901,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland Heights
Address: 
2545 Kenilworth Street, Cleveland Heights, OH 44106
County: 
Cuyahoga
Latitude: 
41.5083740
Longitude: 
-81.5895210
Directions: 
Murray Hill (Mayfield Rd) to Kenilworth make a hard right
Public Remarks: 
Prime Location - Don't miss this incredible real estate investment opportunity! This impressive 11-unit building boasts a steady 90% or better occupancy rate; currently, we are fully occupied. All units have their furnace (in-unit), and a/c units are on the roof. The exception is #10, which has a furnace in the laundry room, two hot water heaters in the laundry supply of the building, and onsite laundry for eight two-bedroom and three one-bedroom apartments. A new roof was installed in 2013, and all new windows, except for two units, were installed in 2016. This property is 100% pet and smoke-free. Nestled at the top of Murray Hill near the charming Little Italy neighborhood, this well-maintained two-story, all-brick building with no basement is a solid investment. The spacious lot includes a detached all-brick carport with space for approximately 30 vehicles and ample street parking. While the apartments could benefit from some cosmetic updates, doing so can increase rental rates and a higher return on investment, making it a promising opportunity to enhance the property's value.
Community Information
School District: 
Cleveland Hts-Univer - 1810
Building Details
Details about the building on a property.
Year Built: 
1958
Living Area: 
0.0
Basement: 
Apartment,None
Construction
Roof: 
Flat Tile,Rubber
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.44
Lot Size (Area): 
0.44
Lot Features
Parking Type: 
Asphalt,Covered,Carport,Detached Carport,On Site,Off Street,Parking Lot,Private
Total Parking Spaces: 
30
Public Record
Parcel Number: 
685-05-003
Annual Tax: 
$27,795.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Torry McJunkins
Listing Office Name: 
EXP Realty, LLC.

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