Address
8403 Detroit Avenue 5, Cleveland, OH
Price
$ 990,000
Property Attributes
- ID#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 | 2024-04-21T14:50:06.130-00:00 |
| 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 | 204 |
| 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
Taxes
Visits
Year Built
Walkscore
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