Address
8403 Detroit Avenue 5, Cleveland, OH
Price
$ 990,000
Property Attributes
  • MLS#4493972
  • TypeMulti-Family
  • CountyCUYAHOGA
  • CityCleveland
  • NeighborhoodJ F Rhodes
  • Zip44102
  • Style
  • Year Built1910
  • Taxes$ 5086
  • Price$ 990,000
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage8421
  • Lot Size3,720 SqFt
Data Source:
MLSNow
Property Description

Introducing an extraordinary investment opportunity! Nestled in a prime location just moments from the serene lake and mere minutes from the highway, this commercial building is poised for success. With 5 apartments currently undergoing an exquisite remodel and 3 commercial retail units already revitalized, the potential for substantial income is undeniable. But here's the exciting part – you have the chance to secure this gem before the remodeling is complete, and the seller is open to negotiation on the price. Don't miss out on the chance to own this beautiful building and start reaping the rewards of your investment..This location is in the Detroit-Shoreway neighborhood Cleveland nearby parks include EDGEWATER STATE PARK,CUDELL PARK and RECREATION CENTER.A Our new listing boasts 5 stunning apartments currently undergoing a remarkable remodel, along with 3 prime commercial properties. This magnificent building multifamily and comercial units is your ticket to a potential income when fully completed. Whether you prefer a turnkey investment or want to take charge of the final touches, this opportunity is too good to pass up. Act now and secure your future in real estate!"

Price History
9/30/2023 Listed $990,000

General Features

Sewer PublicSewer
Heating ForcedAir,Gas
Cooling WallUnits
Possession DeliveryOfDeed
Roof Flat
Garage Spaces 0.0
Construction Materials Brick
Year Built 1910
Tenant Pays Electricity,Gas,Heat
Stories 2
Township Cleveland
Levels Two
Unit Number 5
Property SubType Quadruplex
Gross Income 162000.0
OwnerPays Sewer,TrashCollection,Water
County Cuyahoga
Net Operating Income 149720.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Subdivision Name J F Rhodes
Garage Y/N No
Status Active
Directions On Detroit
ModificationTimestamp 2024-02-20T21:09:38.587-00:00
City Cleveland
Buyer Agent Compensation 2
View Y/N No
Senior Community Y/N No
High School District Cleveland Municipal - 1809
Total Units 8
Waterfront Y/N No
Carport Y/N No
Street Name Detroit
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 5086.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 143
Standard Status Active
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Property Sub Type Additional Quadruplex
MobileHomeRemainsYN No
Legal Description 29 RHODES V15-P2 0001 NP

Interior Features

Basement Full
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 5624.0
Full Baths 5
Street Suffix Avenue
Total Bedrooms 5
Below Grade Finished Area 2797.0
Electric On Property Y/N No
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Total Baths 5

Exterior Features

Parking Features None
Water Source Public
Lot Size Area 0.0854
Number of Buildings 1
Spa No
Building Area Total 5624.0
Lot Size Acres 0.0854
Lot Size Units Acres
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 44102

Price
AVG $260K
$990K
Taxes
AVG $2,494
$5,086
Visits
AVG 132
267
Data Provided by Inside Real Estate®
Year Built
AVG 1908
1910
Walkscore
AVG 70
74
Data Provided by Walkscore® not using MLS data

Your Agent

Lisa Brown

Sales Associate, Realtor

740-818-1842

Listed By
Floria J Aguilera with Plum Tree Realty, LLC.
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Equal Housing Provider

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