1881 Noble Road, East Cleveland, OH 44112

The Noble Apt offers 7 units, featuring nearly all 2 bedroom units, each over 1000sq ft.  The 7th unit is a vacant 1 bed unit with 885 sq ft located on the lowest level and will require a full renovation. The seller has made some Large Capx improvements that includes installing a new furnace, a new hwt, vinyl windows and a brand new sewer line. Unit 5 has recently under gone improvements to make it rent ready & the Flat roof  has no issues. There are 6 full time security cameras that can transfer to new owner. Tenants are responsible for their own gas and electric. 5 units are currently are occupied at $3893/mo total. Placing the remaining  2 units would add 1500/mo!  Once  stabilized, this building will cashflow $5500/ mo. ($66,000 per year!) Expenses are low making your profits high.Current income: Unit 1: 743 eden (3 years), Unit 2: 800 cash, Unit 3: 750 cash, Unit 4: 800 eden, Unit 5: vacant will be rent ready (800), Unit 6:  $800 cash & Unit 7: Basement that requires renovation  (market rent $700).  NOI from the 6 -2 bed units alone is over $25,000/ year! For more information or to schedule your showing please contact the listing agent.