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$ 569,000
Est. payment /mo
Price Dropped by $30K
2744 Mayfield RD Cleveland Heights, OH 44106
7,000 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Euchts
MLS Listing ID 5179662
HOA Y/N No
Year Built 1924
Annual Tax Amount $29,450
Tax Year 2024
Lot Size 7,000 Sqft
Acres 0.1607
Property Sub-Type Apartment
Property 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 they see the buyer's 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.
Location
State OH
County Cuyahoga
Interior
Heating Hot Water, Steam
Cooling None
Fireplace No
Exterior
Parking Features On Site, Off Street, Parking Lot
Water Access Desc Public
Building
Story 3
Sewer Public Sewer
Water Public
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 685-10-005
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Jennifer R Woomer • VSD Realty, LLC. • 216-406-1772, victor@vsdrealty.com
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