Map of Property

Palmer & Royers Sub

3444 E 149th St, Cleveland, OH 44120

  • For Sale $170,000
  • Property Type Other
  • Lot Size 0.13 Acre
  • Year Built 1930
  • Date Updated Apr 25, 2024
  • Website www.coldwellbanker.com
Look at this 6 unit commercial apartment building for sale! Each unit contains one bedroom, one full bath, kitchen, living room and private entrances. Front units have private balconies! 3 newer furnaces, 2 newer hot water tanks, some newer windows, updated electrical, glassblock in basement! Unit 1 $550 M2M lease, Unit 2 $480 M2M no lease, Unit 3 $450 M2M no lease, Unit 4 $450 M2M Lease, Unit 5 and 6 undergoing evictions and will transfer vacant. Tenants pay gas/electric. Owner Water/sewer. Solid Brick Building! Fenced in yard! Add this to your portfolio or start with a great income producing building! Attached in supplements are 2022 financials - property was purchased on 3/28/2022, started receiving rents in April 2022. In 9 months it generated over $20k or $2,219/month, Reflecting: $26,630 annually. Expenses were low so it generated nice income. Lastly, rents are still pretty low so there's potential to increase $50-100 per unit. Owner never increased rents after purchase. Units 1-4 have been there for a while, current owner does not have leases for units 2,3,4- all on month to month. Property never conveyed with prior leases. New buyer to construct new lease with tenants. Unit 1 on lease currently on month to month. Units 1-4 + 6 pay on time, great tenants. Units 5 will transfer vacant. Selling As is! Close to restaurants, shopping, parks, hospitals, downtown and more! Contact today to see or with questions.

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Highlights

  • South of S. Woodland, North of Kinsman, West of Lee Road.
  • Fencing: Fenced Yard
  • Water: Municipal Water
  • Roof: Fiberglass
  • Heating - Fuel Type: Gas
  • Cooling: No A/C
  • Roof: Asphalt Shingle Roof
  • Sewer: Public
  • Roof: Asphalt / Fiberglass
  • Fencing: Metal Fence
  • Basement: Full
  • Basement: Unfinished
  • Heating Type: Forced Air

Contacts

broker

Morgan McClain

Coldwell Banker Schmidt Realty

(346) 221-1026

broker

Leilani Bowersock

Coldwell Banker Schmidt Realty

(440) 570-9514

Location

Getting Around

  • Walk Score ®

    43/100 Car-Dependent

  • Transit Score ®

    49/100 Some Transit

  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Cleveland, OH
  • Neighborhood Mt. Pleasant
  • Zip Code 44120
  • Market Cleveland Akron

Points of Interest

  • Lee–Van Aken

    0.64 miles

  • Kenmore

    1.25 miles

  • Coventry

    1.26 miles

  • Shaker Square

    1.44 miles

  • Lynnfield

    1.64 miles

  • East 116th–St. Luke’s

    1.83 miles

  • Warrensville–Van Aken

    2.06 miles

  • Warrensville–Shaker

    2.29 miles

  • Buckeye–Woodhill

    2.42 miles

  • East 105th–Quincy

    2.76 miles

  • Marathon

    0.91 miles

  • BP

    1.26 miles

  • Marathon

    1.30 miles

  • Shell

    1.30 miles

  • Sunoco

    1.33 miles

  • BP

    1.63 miles

  • Get Go

    1.80 miles

  • BP

    2.21 miles

  • Shell

    2.23 miles

  • Marathon

    2.26 miles

  • Cleveland Heights Library Parking

    2.17 miles

  • Parking Cleveland Heights Library

    2.20 miles

  • Municipal Lot 16

    2.27 miles

  • Municipal Lot 17

    2.30 miles

  • Municipal Lot 18

    2.38 miles

  • Municipal Lot 23

    2.40 miles

  • Municipal Lot 7

    2.43 miles

  • Municipal Lot 5

    2.48 miles

  • Municipal Lot 34

    2.49 miles

  • Cleveland Heights Municipal Parking Lot 22

    2.53 miles

  • Star's Compound

    1.94 miles

  • El Dorado

    2.71 miles

  • Tudor Arms Hotel

    3.02 miles

  • Courtyard Cleveland University Circle

    3.25 miles

  • InterContinental Hotel Cleveland

    3.29 miles

  • Residence Inn

    3.46 miles

  • Glidden House

    3.49 miles

  • InterContinental Suites Hotel Cleveland

    3.55 miles

  • Holiday Inn Cleveland Clinic

    3.60 miles

  • Economy Inn & Suites

    3.76 miles

  • Rally's

    0.32 miles

  • The Shrimp Boat

    0.74 miles

  • Mount Pleasant BBQ

    0.76 miles

  • Subway

    0.78 miles

  • CMB Soul Food

    0.93 miles

  • Popeyes

    1.03 miles

  • Pin Pin Kitchen

    1.14 miles

  • Big Hat's

    1.14 miles

  • Harvard Wine and Grille

    1.18 miles

  • Popeyes

    1.21 miles

  • Andrew J Rickoff Elementary School

    0.19 miles

  • Moreland School

    0.54 miles

  • Shaker Heights High School

    0.68 miles

  • Ludlow Elementary School

    0.76 miles

  • Charles Dickens Elementary School

    0.99 miles

  • Boulevard Elementary School

    1.03 miles

  • Hope Academy Chapelside

    1.06 miles

  • Fernway Elementary School

    1.12 miles

  • Invictus High School

    1.23 miles

  • Moses Cleaveland Elementary School

    1.24 miles

  • Uniontown Child Care Center

    1.09 miles

  • Oakfield Child Care Center

    1.16 miles

  • Brown's Town Childcare

    1.44 miles

  • Mama Stine's

    2.07 miles

  • Katai's Child Care Center

    2.29 miles

  • Character Academy Early Learning Center

    2.35 miles

  • Yabi Jewish Nursery & Child Care

    3.01 miles

  • Brightside Academy

    3.04 miles

  • The Centers for Families and Children

    3.06 miles

  • Kindercare Daycare

    3.51 miles

Frequently Asked Questions

What is the lease rate for Palmer & Royers Sub?

Rental asking rate at Palmer & Royers Sub is $85,000.00/YR.

What is the total square footage of Palmer & Royers Sub?

Palmer & Royers Sub totals 5,386 square feet.

When was this property built?

Palmer & Royers Sub was built in 1930.

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