Address
2133 Murray Hill Road, Cleveland, OH
Price
$ 800,000
Property Attributes
  • MLS#5018688
  • TypeMulti-Family
  • CountyCUYAHOGA
  • CityCleveland
  • NeighborhoodLittle Italy
  • Zip44106
  • Style
  • Year Built1914
  • Taxes$ 8393
  • Price$ 800,000
  • Bedrooms6
  • Full Bathrooms3
  • Half Bathrooms1
  • Sqr Footage3898
  • Lot Size0.2224 Acres
Data Source:
MLSNow
Property Description

This three unit apartment building with ground level retail can generate $5,450 in monthly rent with no additional investment. This includes $500 per month for renting the 10 parking spaces behind the building and $2,000 projected rent for hair salon, which is currently being operated by the building owners. The development opportunity can more than double the rental income by building a two, three or four unit structure on the back portion of the .224 acre lot. Located in the heart of Little Italy, this property has been family-owned since 1975 and meticulously maintained. Each existing apartment unit has been updated and has two bedrooms and a full bathroom. The ground level updated retail space with 1/2 bath has been a successful beauty salon for many years. Key upgrades include: first floor back unit renovated in 2022; Deck added off upstairs back unit in 2022; New Furnace in upstairs front unit in 2022; Deck off first floor back unit in 2015; New roof in 2014; Driveway and waterproofing in 2014; Replacement windows in 2013; Hot water tanks for all three units in 2016.

Price History
2/24/2024 Listed $800,000

General Features

Sewer PublicSewer
Heating ForcedAir,Gas,Gravity
Cooling WindowUnits
Possession DeliveryOfDeed
Roof Flat,Rubber
Appliances Dryer,Dishwasher,Disposal,Microwave,Range,Refrigerator,Washer
Garage Spaces 0.0
Security Features SmokeDetectors
Construction Materials Brick
Year Built 1914
Stories 2
Township Cleveland
Levels Two
Property SubType Quadruplex
Tax Year 2023
Gross Income 5450.0
Community Features CommonGroundsArea,MedicalService,Other,Playground,Park,Shopping
County Cuyahoga
Operating Expense 1180.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Subdivision Name Little Italy
Garage Y/N No
Total Rooms 13
Status Active
Directions Off Mayfield Road in Little Italy.
ModificationTimestamp 2024-05-23T17:27:12.353-00:00
City Cleveland
View Y/N No
Senior Community Y/N No
High School District Cleveland Municipal - 1809
Lot Size Units Acres
Waterfront Y/N No
Carport Spaces 14.0
Carport Y/N Yes
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 8393.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 92
Living Area Units SquareFeet
Standard Status Active
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source PublicRecords
Property Sub Type Additional Quadruplex
MobileHomeRemainsYN No
Legal Description 404 0164 SP

Interior Features

Basement Full,Unfinished,WalkOutAccess
Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 3898.0
Full Baths 3
Half Baths 1
Laundry Features CommonArea,InUnit
Total Bedrooms 6
Electric On Property Y/N No
Above Grade Finished Area Source Realist
Total Baths 4

Exterior Features

Parking Features Detached,Garage,Paved
Water Source Public
Lot Size Area 0.2224
Number of Buildings 1
Spa No
Lot Size Acres 0.2224
Lot Size Source Assessor
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 44106

Price
AVG $370K
$800K
Taxes
AVG $4,932
$8,393
Visits
AVG 217
367
Data Provided by Inside Real Estate®
Year Built
AVG 1910
1914

Your Agent

Listed By
Teri G Chmielewski with Keller Williams Greater Metropolitan
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