MLS#5192671
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONAlice J Bakers Allotment
SCHOOLCleveland Municipal - 1809
Property Description
Welcome to 3865 w 40th Street in Ohio's Brooklyn Centre Historic District, a six unit building with over 9,600 SF. Four out of the six units have recently been renovated, property offers 4 three bedrooms and 2 two bedrooms. Separately metered for gas and electric with new electric panels, high efficiency furnaces and hot water tanks. Additionally the renovated units have new carpet, vinyl LVP, interior/exterior paint, vinyl windows, kitchen cabinets and countertops, electric ranges, bathroom vanities, toilets, and tub surrounds. All Six units are configured with a main floor that includes the living area and kitchen, second floor with bedrooms and full bathroom, and an unfinished basement. Opportunity for a new owner to accept Voucher based Section 8 Subsidy in an effort to significantly increase the rents OR continue operating as a market rent property. Ideal stable investment with additional value add opportunity! Current income from 3 units is $3,600/mo!
Property Features
Property Type: Commercial - Business
Basement: Concrete
Basement: Yes
Cooling: Ceiling Fan(s)
Heating: Forced Air
Lot Size: 0.23 Acres
Stories: 2.0
Taxes: $4,025 / year
Year Built: 1900
Feature Descriptions
Days on Site: 75
Parcel#: 014-02-029
Parking: On Street
Sewer: Public Sewer
Units: 6
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Keller Williams Elevate
Agency Contact: AntonioB@KW.com, 440-223-0575
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
3865 W 40th Street | MLS# 5192671
This commercial property located at 3865 W 40th Street, Cleveland, OH 44109 is currently listed for sale with an asking price of $550,000. W 40th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.ikeyrealty.com today.