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Commercial Real Estate for Sale at 3250 E 49th Street in Cleveland, OH for $550,000

Listing data last changed 08/06/2025 - 12:27am
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3250 E 49th Street | Cleveland

$550,000 | 0.0 Sq. Ft.

Prime Investment Opportunity \u2013 12-Unit Brick Apartment Building in Historic Slavic Village, Cleveland. \r\n\r\nSeize this exceptional investment opportunity in this solid three-story, all-brick 12-unit apartment building features (10) one-bedroom and (2) two-bedroom apartments in historic Slavic Village, Cleveland. 10 of 12 units have been renovated within the last 18 months. Seller purchased, vacated the majority of the building, completing approximately $200k in repairs, turns and updates in 2023 \u0026 2024 and is ready to hand it to it\u0027s new owner. Current ownership engaged professional management services, helping to stabilize the building. Management co is happy to continue. The building is compliant with City of Cleveland requirements in rental registration and lead safety. Location is ideal - minutes from Downtown Cleveland, with easy access to public transportation, nearby other affordable housing opportunities, and in close proximity to the Slavic Village Redevelopment project. Both on and off street parking options are available. Tenants pay electric, owner pays water/sewer/trash/gas/common areas electric. With a strong rental demand and a professionally managed operation, this property is positioned for long-term cash flow and appreciation. Do MLSNow 5103335 Directions to property: Broadway to E. 49th Street

MLS Listing ID: 
MLSNow 5103335
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$550,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland
Address: 
3250 E 49th Street, Cleveland, OH 44127
County: 
Cuyahoga
Latitude: 
41.4698730
Longitude: 
-81.6576340
Directions: 
Broadway to E. 49th Street
Public Remarks: 
Prime Investment Opportunity \u2013 12-Unit Brick Apartment Building in Historic Slavic Village, Cleveland. \r\n\r\nSeize this exceptional investment opportunity in this solid three-story, all-brick 12-unit apartment building features (10) one-bedroom and (2) two-bedroom apartments in historic Slavic Village, Cleveland. 10 of 12 units have been renovated within the last 18 months. Seller purchased, vacated the majority of the building, completing approximately $200k in repairs, turns and updates in 2023 \u0026 2024 and is ready to hand it to it\u0027s new owner. Current ownership engaged professional management services, helping to stabilize the building. Management co is happy to continue. The building is compliant with City of Cleveland requirements in rental registration and lead safety. Location is ideal - minutes from Downtown Cleveland, with easy access to public transportation, nearby other affordable housing opportunities, and in close proximity to the Slavic Village Redevelopment project. Both on and off street parking options are available. Tenants pay electric, owner pays water/sewer/trash/gas/common areas electric. With a strong rental demand and a professionally managed operation, this property is positioned for long-term cash flow and appreciation. Do
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
Original One Hundred Acre
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1963
Living Area: 
0.0
Construction
Roof: 
Flat
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Gas,Hot Water,Steam
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.24
Lot Size (Area): 
0.24
Lot Features
Parking Type: 
Asphalt,Off Street,On Street
Public Record
Parcel Number: 
131-19-082
Annual Tax: 
$9,438.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Disclosures: 
Principal is Real Estate Licensed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Century 21 Carolyn Riley RL. Est. Srvcs, Inc.

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