$1,325,000

9615 Lorain Avenue , Cleveland, OH 44102

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:0 sqft
Lot:0.27
Year Built:1910
Listing Status:Active

Listing Agent

Christopher Barthol
https://www.beyond2000realty.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Cash flowing 17 unit Brick Building consisting of 15 apartments and two store fronts, This is a turnkey well performing building with a waitlist of tenants. Improvements included Main Electric has been updated, New water heater and 7 apartments that have been renovated. Lead Certified Property with the city of Cleveland. Additional income opportunity with parking lot (monthly fee) and Room for laundry service expansion in the basement. The location of this building is ideal as it is close to highways, public transportation, downtown Cleveland and shopping/dining in popular Ohio City. Monthly gross rental income $13,510/162,120 annually. Strong rental market with tenant demand and an attractive cap rate makes the property an ideal investment opportunity for long term wealth.

Detailed Items

Other Information

9615 Lorain Avenue, Cleveland, OH, 44102 is a commercial sale listing of 0 sqft on a lot of 0.27. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property9615 Lorain Avenue, Cleveland, OH
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