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5612 Linwood AVE Cleveland, OH 44103
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Key Details
Sold Price $369,900
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Midway N C Waters
MLS Listing ID 5221522
Sold Date 09/18/26
HOA Y/N No
Year Built 1916
Annual Tax Amount $7,005
Tax Year 2025
Lot Size 5,445 Sqft
Acres 0.125
Property Sub-Type Apartment
Stories Three Or More
Story Three Or More
Property Description
Completed updated, turnkey all brick apartment building with 7 apartments. This is the ideal multifamily investment well positioned close to Cleveland Clinic, Case Western Reserve and University Circle - one of the hottest investment markets in Cleveland, Ohio. Each unit features large 2 bedrooms and 1 bath units. Each apartment offers separate gas and electric meters - VERY RARE! 6 in unit furnaces, 6 A/C units, 6 H20 tanks, 7 gas meters and 7 electric panels allowing the tenants to pay for their utilities. On street parking and shared driveway. All units equipped with refrigerators and stoves. Over $250,000 invested into the building by prior ownership. Extensive list of capital improvements including: vinyl windows (2005), electric panels, H2O tanks (2019-2024), kitchens and baths all have tile flooring, tile showers, oaks cabinets, glass block windows in basement, electrical service to property, updated units, updated common areas and more! Coin operated laundry for additional income. Positioned along the Cleveland Clinic Corridor close to Case Western Reserve University (2.2 miles away).
Downtown Cleveland (3.2 miles away). Close to shopping including Daves Supermarket (0.8 miles away). Highly desirable area for
increased rent growth and development in the surrounding area. Great cash flow and easy to maintain. Huge opportunity to bring the 7th apartment back online in the basement. Currently not being utilized and will require renovation. Reach out today for a copy of the Offering Memorandum and to schedule a tour!
Location
State OH
County Cuyahoga
Rooms
Basement Apartment, Common Basement, Full, Unfinished, Walk-Out Access
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Shared Driveway, On Street
Fence Partial
Amenities Available Bike Storage
Water Access Desc Public
Roof Type Flat,Membrane,Rubber
Present Use Multi-Family,Residential,Single Family
Total Parking Spaces 2
Building
Foundation Basement
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 104-18-038
Security Features Fire Escape
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Anthony D Takacs • Century 21 Homestar
NEARBY SCHOOLS & BUSINESSES
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