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    3444 149Th St Cleveland, OH 44120

    For Sale
    $375,000

    High-Yield Cleveland Apartment Building

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional six-unit apartment building presents a compelling investment opportunity in the vibrant city of Cleveland, Ohio. Situated on a 0.13-acre lot at 3444 E 149th Street, this property boasts a strong rental income exceeding $4,900 per month. The building is fully lead-certified and registered with the City of Cleveland, ensuring compliance and peace of mind for the new owner. Tenants are responsible for their own gas and electric utilities, while water and sewer are covered by the property owner, simplifying management. This attractive feature contributes to a streamlined operational structure and potentially higher net operating income. The property's convenient location offers residents easy access to public transportation, a variety of dining options, and ample shopping opportunities, enhancing its appeal to tenants and ensuring consistent occupancy. This turnkey investment is ready for a new owner to step in and benefit from its established cash flow and prime location. The property's strong performance and desirable features make it an ideal addition to any investment portfolio. Don't miss this chance to acquire a well-maintained, high-yielding multifamily property in a thriving urban setting. Act quickly, as opportunities like this are rare.

    Property Features for 3444 149Th St

    General Information

    Property type
    Residential income properties
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1930
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.57774
    Latitude
    41.46586

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    FAQs

    What type of property is this?
    Residential income property - High-Yield Cleveland Apartment Building
    Where is this residential income property located?
    The property is located at 3444 149Th St Cleveland, OH.
    What is the asking price?
    The asking price for this property is $375,000.
    (440) 572-1200
    Request Owner's contact information
    3444 149Th St Cleveland, OH 44120
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    Cleveland, OH 44120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3444 149Th St Cleveland, OH 44120
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