Skip To Content

    1909 Coltman Road

    Cleveland, OH 44106
    • $420,000
    • STATUS: Contingent
    • ON SITE: 102 days
    • MLS #: 4260956
    Under Contract
    UPDATED: 34 min ago
    $420,000
    • 8
      BEDS
    • N/A
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Ratings & Info

    School District:
    Listing courtesy of Century 21 Homestar.
    Listing information © 2021 YES-MLS.

    Description

    Great investment opportunity in a desirable location in Cleveland's historic Little Italy. At the end of the street, the neighborhood offers bars, restaurants, bakeries, etc. Located near University Hospitals, Cleveland Clinic, Case Western University, John Carroll University and Notre Dame College - the property is a great location for various tenants. Excellent cash flow with potential rental income of $5,175 but also can be used as a short-term rental through AirBnb/Vrbo. There are 5 total units; Unit 1 is a 1 bed/ 1 bath, Unit 2 is a 2 bed/ 1 bath, Unit 3 is a 2 bed/1 bath with a bonus room, Unit 4 is a 2 bed /1 bath and unit 5 is a 1 bed/ 1 bath that is an extension to the property. Over the last two years, the property was rehabbed with over $200k in upgrades. Interior updates include updated layouts for some of the units, updated flooring and paint, updated kitchens (granite/butcher block countertops) and updated bathrooms. Exterior updates include a roof tear-off with newer sheathing and shingles, exterior repainted, newer siding on the rear unit, siding and soffit repairs and newer windows throughout the property. Mechanic updates include updated electrical with 5 newer electrical panels and all newer furnaces with seperate meters. Rear unit has electric heat and its own energy efficient hot water tank as well. None of the utilities are shared with any other unit. The basement includes hookups for washers and dryers for extra income to increase NOI.

    Monthly Payment Calculator

    Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Kaszyca Team | Cutler Real Estate are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-06-20T21:07:29.333.
    www.kaszycarealestate.com/homes/114904868
    Print Image

    1909 Coltman Road Cleveland, OH 44106

    • Price: $420,000
    • Status: Contingent
    • Updated: 34 min ago
    • MLS #: 4260956
    8
    Beds
    5
    Baths
    0
    ½ Baths
    N/A
    Acres
    1915
    Built
    Neighborhood:
    Cle East Of Cuyahoga River
    County:
    Cuyahoga
    Area:
    Cle East Of Cuyahoga River
    School District:
    Cleveland Municipal
    Property Description
    Great investment opportunity in a desirable location in Cleveland's historic Little Italy. At the end of the street, the neighborhood offers bars, restaurants, bakeries, etc. Located near University Hospitals, Cleveland Clinic, Case Western University, John Carroll University and Notre Dame College - the property is a great location for various tenants. Excellent cash flow with potential rental income of $5,175 but also can be used as a short-term rental through AirBnb/Vrbo. There are 5 total units; Unit 1 is a 1 bed/ 1 bath, Unit 2 is a 2 bed/ 1 bath, Unit 3 is a 2 bed/1 bath with a bonus room, Unit 4 is a 2 bed /1 bath and unit 5 is a 1 bed/ 1 bath that is an extension to the property. Over the last two years, the property was rehabbed with over $200k in upgrades. Interior updates include updated layouts for some of the units, updated flooring and paint, updated kitchens (granite/butcher block countertops) and updated bathrooms. Exterior updates include a roof tear-off with newer sheathing and shingles, exterior repainted, newer siding on the rear unit, siding and soffit repairs and newer windows throughout the property. Mechanic updates include updated electrical with 5 newer electrical panels and all newer furnaces with seperate meters. Rear unit has electric heat and its own energy efficient hot water tank as well. None of the utilities are shared with any other unit. The basement includes hookups for washers and dryers for extra income to increase NOI.
    Exterior Features

    Construction Materials Aluminum Siding Exterior Features Paved Driveway Garage YN No Roof AsphaltFiberglass

    Interior Features

    Basement YN Yes Building Area Total 0 Cooling Window Unit(S) Cooling YN Yes Heating Forced AirGas Heating YN Yes

    Property Features

    Home Warranty YN No Number Of Units In Community 4 Property Sub Type Quadruplex Sewer Private Sewer Tax Annual Amount 10461 Water Source Public Year Built Details Actual Ybt

    Listing information © 2021 YES-MLS.
    Listing provided courtesy of Century 21 Homestar.
    Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Kaszyca Team | Cutler Real Estate are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-06-20T21:07:29.333.
     
    https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_4260956-2.jpg https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_4260956-2.jpg https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_4260956-2.jpg
    Logo
    The Kaszyca Team | Cutler Real Estate
    4618 Dressler Rd NW
    Canton OH, 44718
    Listing courtesy of Century 21 Homestar.
    Listing information © 2021 YES-MLS.