Investors!! Location, location, location!! Shaker school district!!! Not to mention, this 7-unit brick multifamily is located just 2 MINUTES from the desirable Shaker Square. All 7 units are 2 beds/1 bath with only one vacant unit (current owner targeting $700). The other units are as follows: Unit 1 pays $650/month and their lease expires 9/30/21. Unit 2 pays $650/month and their lease expires 3/31/22. Unit 3 pays $600 and their lease expires 3/31/22. Unit 4 pays $650/month and is renewing right now with section 8. Unit 5 pays $650 and their lease expires 9/3021. Unit 6 pays $700 and their lease with section 8 goes until 5/28/21. You can't go wrong with this cash-flowing building!! See supplements for the current expenses. Keep in mind that the building needs a new boiler or a conversion to individual furnaces. The current owner received a quote to do that for $2,700/unit. This will drive down utilities and eliminate electric for the owner (currently paying electric baseboard for all units). Property being sold AS-IS!!!
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Donna Trunko Cell: (440) 567-9024 Office: (440) 331-8500 Email
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