Listed By
Agency Name: Premier Heights Realty LLC
Agency Contact: 216-860-0005, sophie@premierheights.com
Shown By
Agent Name: Jerri Furniss
Agent Phone: Cell: (614) 937-4427
Agency Title: Cutler Real Estate
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Property Description
Great investment opportunity! This fully remodeled multifamily property features two spacious units, each offering two bedrooms and one full bathroom, plus a third bonus unit with one bedroom and one full bathroom. All three units have been completely renovated with modern finishes and are equipped with BRAND NEW 2026 MECHANICALS. Additional improvements include: updated plumbing and electrical systems (2026), along with a NEWER ROOF. The units are currently being marketed for rent, making this property an excellent option for an investor looking to build a strong rental portfolio or an owner-occupant seeking additional income potential. CMHA will pay up to $1243 for a 2-bedroom unit in 44110. Even at 80% of maximum rent (or $994), this property would generate NEARLY $24,000 annually, easily beating the 1% Rule and exceeding a 10-cap requirement.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Days on Market: 15
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $1,272 / year
Year Built: 1921
Feature Descriptions
Exterior: Vinyl Siding, Wood Siding
Parcel#: 112-22-015
Parking: Driveway, Off Street, On Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 907.29 per month $758.13 Principal & Interest $106.00 Property Tax $43.17 Homeowner's InsuranceChange Payment Information
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505 E 149th Street | MLS# 5240042
This multi-family property located at 505 E 149th Street, Cleveland, OH 44110 is currently listed for sale with an asking price of $148,000. E 149th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.jerrifurniss.com today.