562 E 140th St

562 E 140th St, Cleveland, OH 44110

  • For Sale $250,000
  • Property Type Multi-Family
  • Property Size 5,780 SF
  • Units 6
  • Lot Size 0.11 Acre
  • Additional Rent Contact for pricing
  • Year Built 1920
  • Year Renovated 2024
  • Date Updated Sep 25, 2024
Located in a highly accessible area of Cleveland, just off Waterloo Rd and E 152nd St, this multifamily property presents an exceptional value-add investment opportunity. Conveniently positioned right off I-90, this 6-unit building with 2 one-bedroom units and 4 two-bedroom units makes it an attractive option for investors seeking to enhance rental income and property valueCurrently, 4 of the 6 units are renovated and generating steady income, while the remaining 2 units require a full renovation, offering significant upside potential. In addition to the potential rental income from the rehabed units, there is a further opportunity to increase revenue by installing laundry facilities in the basement. Recent upgrades of the stabilized units include: Fresh paint, new carpet throughout, tubs reglazed, updated plumbing, all new electrical panels, each unit CMHA approved and inspected (3 tenants are CMHA). Message me for more information and schedule your tour today!

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Highlights

  • - 5,780 SF building with 6 units
  • - Built in 1920, renovated in 2024
  • - Zoned LR for multifamily/mid-rise development
  • - Prime location in Cleveland area
  • - 67% occupancy, with potential for increased rental income
  • - Updated and modernized interiors
  • - Strong rental history and income potential
  • - Well-maintained property with curb appeal
  • - Proximity to amenities and transportation
  • - Attractive investment opportunity in a growing market

Contacts

broker

Kas Filippova

eXp Commercial

Location

Getting Around

  • Walk Score ®

    44/100 Car-Dependent

  • Transit Score ®

    37/100 Some Transit

  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Cleveland, OH
  • Neighborhood Bratenahl
  • Zip Code 44110
  • Market Cleveland Akron

Points of Interest

  • Stokes-Windermere Station

    2.47 miles

  • Cedar–University

    4.69 miles

  • Coventry

    5.73 miles

  • East 79th

    6.09 miles

  • West 3rd

    7.28 miles

  • Warrensville–Van Aken

    7.36 miles

  • British Petroleum

    0.50 miles

  • Gas and Go

    0.63 miles

  • Marathon

    0.67 miles

  • Sunoco

    0.76 miles

  • Hayden Gas & Go

    1.79 miles

  • Gas USA

    1.85 miles

  • Shell

    1.96 miles

  • Speedway

    1.99 miles

  • Marathon

    2.02 miles

  • Mobil

    2.05 miles

  • Boat Trailer Parking

    3.07 miles

  • Recreation Center parking

    3.53 miles

  • Municipal Lot 11

    3.55 miles

  • Temple on the Heights Parking

    3.60 miles

  • Library Parking

    3.67 miles

  • Lot 56E

    3.75 miles

  • Lot S-46 - NRV Parking Garage

    3.77 miles

  • Lot 04

    3.80 miles

  • Municipal Lot 10

    3.83 miles

  • Cleveland History Center

    3.83 miles

  • Town House Motel

    1.91 miles

  • Noble Motel

    1.93 miles

  • Glidden House

    3.98 miles

  • Courtyard Cleveland University Circle

    4.15 miles

  • Residence Inn

    4.47 miles

  • Tudor Arms Hotel

    4.75 miles

  • InterContinental Hotel Cleveland

    4.80 miles

  • InterContinental Suites Hotel Cleveland

    4.83 miles

  • Holiday Inn Cleveland Clinic

    4.86 miles

  • Star's Compound

    5.08 miles

  • Calypso Cafe

    0.04 miles

  • Bratenahl Kitchen

    0.19 miles

  • Mr. Hero

    0.50 miles

  • Jackie Chen's

    0.56 miles

  • B&M BBQ

    0.71 miles

  • V's Gourmet Chicken

    0.92 miles

  • Subway

    0.99 miles

  • Kim's Wings

    1.01 miles

  • China MountaIn

    1.01 miles

  • McDonald's

    1.06 miles

  • Memorial Elementary

    0.58 miles

  • Saint Jeromes School

    0.68 miles

  • Collinwood Village Academy

    0.76 miles

  • East Clark Elementary School

    0.78 miles

  • Lake Erie Preparatory School

    0.99 miles

  • Ginn Academy

    1.01 miles

  • Collinwood Junior High & High School

    1.06 miles

  • East Academy

    1.19 miles

  • Kenneth W. Clement Leadership Academy

    1.42 miles

  • Iowa-Maple Elementary School

    1.47 miles

  • Collinwood academy childcare

    0.03 miles

  • Apples of Gold Childcare III

    0.62 miles

  • Share One Teach One Academy

    0.77 miles

  • Brilliant Beginnings

    1.57 miles

  • EBC Child Care

    1.87 miles

  • Precious Gem Childcare Center

    1.96 miles

  • Nottingham Child Care

    2.06 miles

  • Kidtopia

    2.28 miles

  • Building Blocks Academy

    2.50 miles

  • Toddle Inn

    2.77 miles

Frequently Asked Questions

How much does 562 E 140th St cost?

The space currently listed for sale at 562 E 140th St asks for $250,000.

What is the total square footage of 562 E 140th St?

562 E 140th St totals 5,780 square feet.

When was this property built?

562 E 140th St was built in 1920.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Kas Filippova

eXp Commercial