Commercial Real Estate for Sale at 1456 W 107th Street in Cleveland, OH for $1,495,000

Listing data updated October 1, 2024 - 2:49am
Javascript is required to view this map.
Printable Map
Tools

Related Information

1456 W 107th Street | Cleveland

$1,495,000 | 0.0 Sq. Ft.

1456 W 107th Street is. nestled between Cleveland's highly desirable Lakewood and Gordon Square and Detroit Shoreway communities. short walk to the lake, go see the Browns, CAVS or Indians, MGM Casino or Cleveland's downtown theater and business district, just 4 miles bus or car ride to Cleveland's Theater, Financial and Business districts. \r\n\r\nThis ALL brick mid 1960's boasts 14) apartments, all 1 bed / 1 bath approximately 550 sq per units each with their own w/ A/C. \r\nComplete luxury renovation in 2022/23 with ALL NEW flooring, lighting, solid surface granite countertops w/ farmhouse oversized sinks and spray neck faucets , nicely finished with all NEW SS appliances. Step into the bathroom where you'll find hospitality grade finishes w/ honeycomb ceramic tile on floor to offset the white subway tile finishes.\r\n \r\nThis property is nicely finished with onsite laundry and off street secure/private parking for each unit at the rear. \r\nSeller has positioned this asset at top of the market and has top of the market rents . \r\n\r\nEach unit has its own breaker box and all electrical has been upgraded from fuses and new meter bases. \r\nTenants Pay: \r\nElectric and Cable\r\nOwner pays: Water, Sewer, Sanitation and Gas/Heat\r\n(Tenant Back Charged for Utilities at Approximately $90 per unit for heat/gas included in rent - Avg. Rent of $1,100 )\r\n\r\n2 Newer Boilers - previous owners\r\nSet Of Coin Operated Washer/Dryer on Site generates about $120 monthly (NET).\r\nAnnual Income: $174,480\r\nAnnual Expense: $ 36,275\r\nCAP ~ 8.2 % \r\nProperty Taxes:$ 13,091\r\nInsurance: $ 6,408 MLSNow 5012306

Directions to property: South of Detroit Between W. 117th Street And West Blvd

MLS Listing ID: 
MLSNow 5012306
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: 
$1,495,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland
Address: 
1456 W 107th Street, Cleveland, OH 44102
County: 
Cuyahoga
Latitude: 
41.4803170
Longitude: 
-81.7625490
Directions: 
South of Detroit Between W. 117th Street And West Blvd
Public Remarks: 
1456 W 107th Street is. nestled between Cleveland's highly desirable Lakewood and Gordon Square and Detroit Shoreway communities. short walk to the lake, go see the Browns, CAVS or Indians, MGM Casino or Cleveland's downtown theater and business district, just 4 miles bus or car ride to Cleveland's Theater, Financial and Business districts. \r\n\r\nThis ALL brick mid 1960's boasts 14) apartments, all 1 bed / 1 bath approximately 550 sq per units each with their own w/ A/C. \r\nComplete luxury renovation in 2022/23 with ALL NEW flooring, lighting, solid surface granite countertops w/ farmhouse oversized sinks and spray neck faucets , nicely finished with all NEW SS appliances. Step into the bathroom where you'll find hospitality grade finishes w/ honeycomb ceramic tile on floor to offset the white subway tile finishes.\r\n \r\nThis property is nicely finished with onsite laundry and off street secure/private parking for each unit at the rear. \r\nSeller has positioned this asset at top of the market and has top of the market rents . \r\n\r\nEach unit has its own breaker box and all electrical has been upgraded from fuses and new meter bases. \r\nTenants Pay: \r\nElectric and Cable\r\nOwner pays: Water, Sewer, Sanitation and Gas/Heat\r\n(Tenant Back Charged for Utilities at Approximately $90 per unit for heat/gas included in rent - Avg. Rent of $1,100 )\r\n\r\n2 Newer Boilers - previous owners\r\nSet Of Coin Operated Washer/Dryer on Site generates about $120 monthly (NET).\r\nAnnual Income: $174,480\r\nAnnual Expense: $ 36,275\r\nCAP ~ 8.2 % \r\nProperty Taxes:$ 13,091\r\nInsurance: $ 6,408
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
Jennings & Other
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1963
Living Area: 
0.0
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: 
Gas,Hot Water,Steam
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.16
Lot Size (Area): 
0.16
Lot Features
Total Parking Spaces: 
20
Public Record
Parcel Number: 
001-25-053
Annual Tax: 
$13,109.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
James P Matheos
Listing Co-Agent Name: 
Debbie S Matheos
Listing Office Name: 
Keller Williams Citywide
Listing Co-Office Name: 
Keller Williams Citywide

Request More Information