More Information
Twelve units. (10) one bedroom units rent for $350/mo and (2) two bedroom units rent for $425/mo.
ANNUAL CASH FLOW: $52,200 fully occupied.
Each unit has own furnace and water heater. Tenants pay own gas and electric. Each unit has unique address. Located at corner of East 118 & St. Clair near Eddy Rd and across from Cleveland Public Library branch. Many long term tenants, all rents current. Six basement units with separate entrances and divided by masonry walls.
Back taxes will be paid by seller at closing. Property will transfer free and clear of all liens.
Lot size: 0.26 acres
Sq Feet: 10,443 (approx)
Year Built: 1913
Water: public
Sewer: public
A/C: none
Heat: gas, gravity
Parking: street
Property ID: 111-05-006
Lot Size: 12 unit apartment building.
Annual Taxes: $ 2,006
Property Map
Basic Terms:
Sells Regardless of Price to the Highest bidder with no minimums or reserves. 10% down by cash or check which will become your non refundable deposit. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. Quit Claim deed given at closing with no liens or back taxes.
Deposit and Closing:
Close through Ohio First Land Title Agency LLC
Andrea Robinson 440-365-2800
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.