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4787 W 130th ST Cleveland, OH 44135
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Key Details
Sold Price $388,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 5,078 sqft
Price per Sqft $76
Subdivision Homesite
MLS Listing ID 4260750
Sold Date 05/12/21
HOA Y/N No
Abv Grd Liv Area 5,078
Year Built 1962
Annual Tax Amount $9,559
Lot Size 7,000 Sqft
Acres 0.1607
Property Sub-Type Apartment
Property Description
This is an exceptionally rare opportunity to purchase a turnkey, stabilized, and professionally managed apartment building in one of the Nation's hottest rental markets. Ideally located in West Cleveland, The Bricks Apartments is close to freeways, the international airport, and major job centers, ensuring a reliable pool of prospective tenants. With 100% current occupancy and zero non-paying tenants throughout the Covid pandemic, this is the bread-and-butter income property that investors seeking passive income have been looking for. Existing management is running a well-oiled machine so that the new buyer can sit back and let the money flow. This low maintenance brick building has a pitched roof (better than flat), separate gas/electric meters, individual central forced air furnaces, and off-street parking for each unit. A central lobby style entrance leads to the common hallway/stairwell with access to the eight 1bed/1bath apartments, plus there is onsite laundry with a zero-headach
Location
State OH
County Cuyahoga
Rooms
Basement None
Interior
Heating Forced Air, Gas
Fireplace No
Exterior
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Pitched
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 020-15-018
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Cindy Castelli • EXP Realty, LLC.