4158 E 120th StreetCleveland, OH 44105

4158 E 120th StreetCleveland, OH 44105

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$399,000 Active
Commercial - Business MLS 5158576

Listed By

Agency Name: RE/MAX Omega
Agency Contact: jenniferwebb0826@gmail.com, 440-785-8121

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

This six-unit apartment complex is waiting for a new owner and who wouldn't want cash flow to begin on day one? An amazing opportunity to own. Each unit is two bedrooms and one bath all tenants are responsible for their own electric and gas along with all cable, internet etc. Owner pays water sewer and trash. Trash is a hundred dollars a month and average two hundred and ninety-seven dollars for water and sewer. each unit has their own hot water tank less than three years old, and newer furnaces less than seven years old. Each unit has their own security keypad entry and brand new 2025 commercial fire extinguishers in each unit. Each unit also their own electric and gas meters. There is one water meter for the entire building. There is one private pay tenant, and the rest are Section 8, Eden, and frontline SSVS guaranteed. Seller is selling as is and will not make any more updates Seller will continue to maintain the property there are no showings without an accepted offer. Walkthrough and inspections are to do be done at the same time. Please do not disturb the tenants. Call your favorite realtor today. No wholesalers please. All photos of the units were taken prior to tenant move in's. Rent roll is average at 5,500 a month

4158 E 120th Street | MLS# 5158576

This commercial property located at 4158 E 120th Street, Cleveland, OH 44105 is currently listed for sale with an asking price of $399,000. E 120th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Days on Market: 170
Heating: Forced Air
Lot Size: 0.16 Acres
Taxes: $4,772 / year
Year Built: 1920

Feature Descriptions

Parcel#: 138-08-039
Sewer: Public Sewer
Units: 6
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 4158 E 120th Street, Cleveland, OH 44105
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau