Property Description:
Attention Investors
9-Unit Brick Apartment Complex
C. Roberto Crossing Apartments
Cleveland, OH, Cuyahoga Co., Little Italy
Live Auction W/ Online Bidding Available
Huge opportunity to own a well-maintained 9-unit brick apartment complex in the heart of Little Italy! Garden style building built in 1905.
Property Features.
• One studio (1 bath) unit
• Two (1 bedroom, 1 bath) units
• Six (2 bedroom, 1 bath) units
• Each unit is equipped with stove & refrigerator
• Separately metered electric and gas (tenants pay)
• Common laundry area w/ Bluetooth washer and dryer
• Off-street parking area
• Gas forced air furnace and hot water tank in each unit Each tenant pays a $50 monthly admin. fee that includes: cable, Wi-Fi, water, trash, pest control, and sewer.
Strong Rental Income:
• Current rent roll: $6,330.45/month (with 3 vacancies)
• Potential income: $11,000/month
Excellent Location: In the heart of Little Italy with dining, shopping & entertainment, plus public transportation including the University CircleLink Shuttles. Walking distance to Case Western Reserve and University Hospital. Extremely well-maintained property with a strong rental history! Cuyahoga County Parcel #121-04-0606. Call today for details and to learn how to purchase this property at auction! Please respect the tenants privacy. Units will be open 1 hour prior to auction for inspection.
**NOTE: Also selling another 9-unit same day close in proximity at 12:30 PM at 2646 North Moreland Blvd., Cleveland, OH.
Real Estate Terms
10% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed.