4387 Center Street
Willoughby, OH 44094
$550,000
Missy Harbin
46 Total Photos [Click to View All]
Listing Details
- $550,000
- MLS# 5230413
- Type Commercial - Business
- Status Active
Home Value Estimate
Description
Cash flowing apartment complex! Fully occupied, 6 unit building providing a roughly 10% cap rate. 3 of the 6 units are 2 bedrooms bringing in $1,200 per month, 2 units are 1 bedrooms with each bringing in $1,000 and the last unit is a small efficiency apartment bringing in $700 with a total annual of $75,600. Total annual expenses of roughly $20,700 includes taxes, insurance and maintenance. This beautiful, freshly painted building reminds people of New Orleans, or other buildings not typical of Cleveland. Nestled in the incredibly beautiful city of Willoughby Ohio, and even within the historical corridor of Willoughby, this is a sure bet...read more
Features
- None
- Forced Air, Gas
- 2.0 Stories
- $8,700 / year Taxes
- Public
- Built in 1950
Gallery
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Listed By
Agency Name: The Agency Cleveland Northcoast
Agency Contact: mary.markulis@theagencyre.com, 330-618-2118
Shown By
Agent Name: Missy Harbin
Agent Phone: (304) 377-9237
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact
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