2087 W 98th Street

Description

Well maintained and updated brick apartment building with six efficiency suites in the W 98th and Madison area of Cleveland. All units were fully renovated in 2018 / 2019. Five of the six units occupied by long term tenants with gross rents of $2,490/month. The vacant unit is tenant ready and can be leased out for an additional ~$550/month. The roof, electrical, and plumbing systems are all in good condition. The central boiler and water heater are functional but thought to be near the end of their useful lives. The owners pay the water and sewer bill, central boiler, trash removal and common area utilities, which average ~$600/month. The tenants pay for their own electricity. The property features off street parking in the rear. This low maintenance turnkey property is the perfect portfolio builder for investors who are looking to start or continue investing in small apartment complexes and want to sit back and collect the rent checks. See broker remarks or email broker for a video walk through of the property.