Pending

1672 Lockwood Avenue

East Cleveland OH, 44112

$250,000


$42.63 per sqft

Pending

5,864 sqft

Commercial

Built in 1915

Outstanding cash, flowing six unit brick apartment building just one half mile from University Circle. Fully occupied, this building has four 2 bedroom units and two 1 bedroom units with basement storage for all occupants and tons of updates. All units have been remodeled within the past five years with several electrical, plumbing and mechanical updates throughout. The property has been granted an easement of exclusive use from the City of East Cleveland to the neighboring vacant lot. Can be used for parking or other enjoyment. Tremendous CAP rate with room to increase. Brochure in supplements. Won't Last!

5010734

MLS ID

January 22, 2024

Listed

May 15, 2024

Updated

Map

1672 Lockwood Avenue
East Cleveland OH, 44112

Interior Features

Total Stories

3


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air, Gas

Exterior/Building Features

Lot Size

0.11 Acres


Roof

Composition, Flat, Rubber


Sewer

Public Sewer

School Information

School District

East Cleveland CSD - 1812

Other Property Details

Taxes

$9,058


Tax Frequency

Annually


Days on Market

96


Garage

No


Parking

Off Street, Unpaved


Parking Total

6


View

No


County

Cuyahoga


Municipality

East Cleveland


Water Source

Public


Pool

No

Listing History

Date

Event

Price

5/15/2024

Pending

4/28/2024

Under Contract

4/18/2024

Price Change

$250,000

-10%

4/18/2024

Active

4/15/2024

Pending

3/26/2024

Price Change

$275,000

-6%

3/4/2024

Price Change

$289,900

-4%

 

Courtesy of Berkshire Hathaway HomeServices Professional Realty

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Katherine Jennings shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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