Cleveland - Beach Property For Sale #5585055

Located on a charming residential brick road, Nottingham Place has undergone several meaningful enhancements and is ideal for investors looking for a cash-flowing asset with still room to grow. Conveniently located near the Waterloo Arts and Entertainment District, walking-distance from Euclid Beach Park this property is just as much appealing to your tenants. Notably, it offers both off-street surface parking for residents and guests, as well as a private covered garage for all residents. It comprises of 10 units total - 1 studio apartment, 3 1-bedroom apartments and 6 2-bedroom units. 100% occupancy historically. Basement has utilities and rough-ins available for creating one additional 2-bedroom unit adding to the potential of this property. Start earning cash flow from day 1. Half of the units are at market rent leaving substantial growth potential for the new owners as leases mature. Owners have made significant investment in the upkeep of the property by making some meaningful improvements since taking possession: Installed new coin-operated washer/dryer for additional income New refrigerators in units 2, 3, 4, 6, 8, 9 New electric range in units 2, 3, 4, 5, 6, 7, 8, 10 Replace all unit fuse boxes with breaker panels New window AC for all units New vinyl flooring in all units Removed shrubs and bushes and general cleanup Cleaned all gutters (jetted) and installed new gutter guards Jetted all drain lines Removed unused satellite dishes on roof and patch as required