Twelve-Unit Apartment
563 E 118th St Cleveland, OH 44108
For Sale
Contact for pricing
Pending
Two-story 12-unit building with in-unit furnaces and water heaters, and dining rooms and front porches.
Days on Market105
Property Features for 563 E 118th St
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing Agency:
Plum Tree Realty
(513) 443-5060
Listed By:
Ali Abdur-Rahman · License #OH 2004006274
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 24 at 9:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Plum Tree Realty
Investment Insights
Based on property information with market context.
This two-story twelve-unit apartment building offers a mix of four 2-bedroom/1-bath units and eight 1-bedroom/1-bath units. The property is currently configured with 11 units rented (3 two-bedroom and 8 one-bedroom). Each unit includes an individual furnace and water heater, and the apartments have hardwood floors. The larger units include a dining room and a front porch. Tenant-paid utilities include electric and gas, while the landlord is responsible for water. There is currently no onsite laundry.
The building is located on a bus line with the bus stop directly at the property. Trash pickup is provided by the city at no cost, and the remarks indicate low property taxes. The ownership notes that there are currently no Section 8 tenants.
With 11 of 12 units rented, the layout supports an in-place rental operation, and the current setup allows for a laundry addition as the new owner determines.
The building is located on a bus line with the bus stop directly at the property. Trash pickup is provided by the city at no cost, and the remarks indicate low property taxes. The ownership notes that there are currently no Section 8 tenants.
With 11 of 12 units rented, the layout supports an in-place rental operation, and the current setup allows for a laundry addition as the new owner determines.
Key Highlights
- 12‑unit, two‑story apartment building in Cleveland, OH (8 x 1BR/1BA and 4 x 2BR/1BA)
- Currently 11 units rented (3 2BR and 8 1BR) with $6,750 in monthly gross income on 11 rented units
- All units have individual furnaces and water heaters; tenants pay electric and gas, landlord pays water
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Two-story 12-unit building with in-unit furnaces and water heaters, and dining rooms and front porches.
Where is this apartment building located?
The property is located at 563 E 118th St Cleveland, OH.
What are key features of this property?
This property features: 12‑unit, two‑story apartment building in Cleveland, OH (8 x 1BR/1BA and 4 x 2BR/1BA); Currently 11 units rented (3 2BR and 8 1BR) with $6,750 in monthly gross income on 11 rented units; All units have individual furnaces and water heaters; tenants pay electric and gas, landlord pays water
