3250 E 49th Street, Cleveland, OH 44127

$595,000

bedrooms

bathrooms

square feet

Acreage

0.2445

Open Houses

year built

1963

Full Baths

Half Baths

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Prime Investment Opportunity – 12-Unit Brick Apartment Building in Historic Slavic Village, Cleveland. Seize this exceptional investment opportunity in this solid three-story, all-brick 12-unit apartment building features (10) one-bedroom and (2) two-bedroom apartments in historic Slavic Village, Cleveland. 10 of 12 units have been renovated within the last 18 months. Seller purchased, vacated the majority of the building, completing approximately $200k in repairs, turns and updates in 2023 & 2024 and is ready to hand it to it's new owner. Current ownership engaged professional management services, helping to stabilize the building. Management co is happy to continue. The building is compliant with City of Cleveland requirements in rental registration and lead safety. Location is ideal - minutes from Downtown Cleveland, with easy access to public transportation, nearby other affordable housing opportunities, and in close proximity to the Slavic Village Redevelopment project. Both on and off street parking options are available. Tenants pay electric, owner pays water/sewer/trash/gas/common areas electric. With a strong rental demand and a professionally managed operation, this property is positioned for long-term cash flow and appreciation. Do

Location
Subdivision	Original One Hundred Acre
County	Cuyahoga
Elementary School	-
Middle School	-
High School	-

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MLS number: 5103335

Listing agent: Mark E Miller #2019000594

Listing broker: Carolyn Riley Real Estate Services, Inc. (330) 867-4266

Last update: Tuesday, April 22 2025 at 2:55 p.m. EDT

Kotohomes National