17506 Nottingham RD Active Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44119
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision 15 Mosesal&M 0382 All
MLS Listing ID 5046427
HOA Y/N No
Year Built 1962
Annual Tax Amount $8,914
Tax Year 2023
Lot Size 0.448 Acres
Acres 0.448
Property Description
Located on a charming residential brick road, Nottingham Place has undergone several meaningful enhancements and is ideal for investors looking for a cash-flowing asset with still room to grow. Conveniently located near the Waterloo Arts and Entertainment District, walking-distance from Euclid Beach Park this property is just as much appealing to your tenants. Notably, it offers both off-street surface parking for residents and guests, as well as a private covered garage for all residents. It comprises of 10 units total – 1 studio apartment, 3 1-bedroom apartments and 6 2-bedroom units. 100% occupancy historically. Basement has utilities and rough-ins available for creating one additional 2-bedroom unit adding to the potential of this property. Start earning cash flow from day 1. Half of the units are at market rent leaving substantial growth potential for the new owners as leases mature.
Owners have made significant investment in the upkeep of the property by making some meaningful improvements since taking possession:
Installed new coin-operated washer/dryer for additional income
New refrigerators in units 2, 3, 4, 6, 8, 9
New electric range in units 2, 3, 4, 5, 6, 7, 8, 10
Replace all unit fuse boxes with breaker panels
New window AC for all units
New vinyl flooring in all units
Removed shrubs and bushes and general cleanup
Cleaned all gutters (jetted) and installed new gutter guards
Jetted all drain lines
Removed unused satellite dishes on roof and patch as required
Location
State OH
County Cuyahoga
Rooms
Basement Common Basement,Partially Finished
Interior
Heating Gas
Cooling Window Unit(s)
Fireplace No
Laundry Coin-operated
Exterior
Garage Detached,Garage
Water Access Desc Public
Roof Type Asphalt
Garage true
Building
Sewer Public Sewer
Water Public
Schools
School District East Cleveland Csd - 1812
Others
Tax ID 113-25-004
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard