More Information
One owner for 25+ years, they have enjoyed excellent rental income from this four unit apartment building. Cosmetic repairs are all that's needed to begin bringing in good income from two 2-bedroom apartments and two 3-bedroom townhouses all located in the same brick building. The photos of additional homes are neighbors, to highlight the love and care that this neighborhood adds to the property. Literally minutes from downtown, this area is ripe for growth like so many of the niche neighborhoods Cleveland is becoming famous for. Try and buy a home in the Tremont or W 65th neighborhoods....good luck. This area, and Archwood in particular, are ripe to be the next Tremont.
Lot Size: 68' legal frontage; lot size is 5,105 sq ft
Annual Taxes: $ 3,917.44
Property Map
LEAD AUCTIONEER
DIRECTIONS:
FROM WEST: Exit I71 at Fulton Road. Turn right onto Fulton Ave then an immediate left onto Archwood. At the intersection of Archwood @ W 36th St.
FROM EAST: Exit I71 at Fulton Road. Turn left onto Fulton Ave then an immediate left onto Archwood. At the intersection of Archwood @ W 36th St.
Basic Terms:
SUGGESTED OPENING BID OF $49,000. 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. General warranty deed given at closing with no liens or back taxes. All information contained herein was derived form sources believed to be correct but is not guaranteed.
Deposit and Closing:
Closing will be NLT 30 days from sale at auction. Please contact Mr Ron Peyton, Cleveland Home Title at 216-920-0300 in Westlake, OH for additional info on closing.
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.