2744 Mayfield Road
Cleveland Heights, OH 44106

Listed at $569,000

Details

  • MLS# 5179662
  • Commercial - Business
  • Status Active
  • 0 Bedrooms
  • Bathrooms
  • 0 Square Feet
  • 0.161 acres
  • Built in 1924
  • Cleveland Hts-Univer - 1810 Local Schools
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Description

Court ordered sale. Attention Investors! Prime location & opportunity to renovate this incredible building. Conveniently located on public transportation, near Little Italy, CWRU, main campus of CC & UH and minutes to University Circle. In addition, it's close to some of the best restaurants in town. There are 10 - 2 BR units, 1 - 1 BR unit and 1 efficiency. Owner pays sewer, water & gas. Everything is set up for the new buyer to put in individual gas meters. Buyer to assume the POS which is approx. $250k. Much of the work has been completed. The City of Cleve. Hts will work with the buyer in establishing a much lower POS, approx. $10k, when...read more they see the buyers proposal for renovations - scope of work. All tenants are month to month with no leases. Units are under rented for the area. The gas company did a new line from the street to the building several years ago. This is a great opportunity for cash buyers or those with a rehab loan. Proof of funds or preapproval letter before showing will be approved. Need a minimum of 24 - 48 hours notice to show. NO Wholesalers or assignment deals.

Features

  • None
  • Hot Water, Steam
  • 3.0 Stories
  • $29,450 / year Taxes
  • Public
  • Built in 1924
View All Features

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All Property Features

  • Property Type: Commercial - Business
  • Cooling: None
  • Days on Site: 67
  • Heating: Hot Water, Steam
  • Lot Size: 0.16 Acres
  • Parcel#: 685-10-005
  • Parking: On Site, Off Street, Parking Lot
  • Sewer: Public Sewer
  • Stories: 3.0
  • Taxes: $29,450 / year
  • Water: Public
  • Year Built: 1924