2744 Mayfield Road | Cleveland Heights
Court ordered sale. Attention Investors! Prime location \u0026 opportunity to renovate this incredible building. Conveniently located on public transportation, near Little Italy, CWRU, main campus of CC \u0026 UH and minutes to University Circle. In addition, it\u0027s close to some of the best restaurants in town. There are 10 - 2 BR units, 1 - 1 BR unit and 1 efficiency. Owner pays sewer, water \u0026 gas. Everything is set up for the new buyer to put in individual gas meters. Buyer to assume the POS which is approx. $250k. Much of the work has been completed. The City of Cleve. Hts will work with the buyer in establishing a much lower POS, approx. $10k, when they see the buyer\u0027s proposal for renovations - scope of work. All tenants are month to month with no leases. Units are under rented for the area. The gas company did a new line from the street to the building several years ago. This is a great opportunity for cash buyers or those with a rehab loan. Proof of funds or preapproval letter before showing will be approved. Need a minimum of 24 - 48 hours\u0027 notice to show. MLSNow 5179662 Directions to property: On Mayfield Rd, just West of Coventry Rd. Apartment building is on the South side of the street. City lots on each side of the building.\r\nThe city has not been charging tenants to park in the lots since Covid.

