BEDS6
BATHS2 full
MLS#5187243
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONDavis & Grombachers
SCHOOLCleveland Municipal - 1809
Property Description
Mixed-use 3 units, Investor Special. Gross rent $2150.00/mo. Cleveland Lakewood line. Solid income stream in place at $25,800 annual gross income. Located on Cleveland side of Lakewood boarder. Residential rents re well under market with room to grow to $1200.00. Managers unit is a store that is currently rented and operating. Minutes to Edgewater, I90, and west side retail. Upside Alert: current rents trail Lakewood Market by 30%. Ideal for buyer looking to force appreciation. Priced aggressively at $229,000
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Cooling: None
Heating: Gas
Lot Size: 0.10 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $4,914 / year
Year Built: 1900
Feature Descriptions
Days on Site: 25
Exterior: Vinyl Siding
Laundry: Inside
Parcel#: 001-09-079
Parking: Off Street
Sewer: Public Sewer
Water: Public
Window: Aluminum Frames
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: 2000 Professional Realty
Agency Contact: kalnazer@sbcglobal.net, 216-650-2242
Shown By
Agency Title: Progressive Urban Real Estate
Agency Phone: (216) 619-9696
Estimate Your Payment
Estimated Payment
$ 985.95 per month $509.65 Principal & Interest $409.50 Property Tax $66.79 Homeowner's Insurance
8701 Lake Avenue | MLS# 5187243
This multi-family property located at 8701 Lake Avenue, Cleveland, OH 44102 is currently listed for sale with an asking price of $229,000. Lake Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.progressiveurban.com today.