Vision Sales Team

8621 Denison Avenue

Cleveland , OH 44102

MLS#: 5149822

$450,000

Status: Active
Listing number: 5149822
Listing provided by: McDowell Homes Real Estate Services
Listing agent phone: None
Last update: 26 days ago
Browse Properties
Seidman - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1916

Sq.Footage

N/A

Income-producing 6-unit building in the heart of Cleveland's West Side, featuring 3 one-bedroom, one-bath , 2 two-bedroom, one bath apartments and 1 storefront. All apartment tenants are Section 8, paying their own electric and gas, while the owner covers water and sewer. Current rents: Unit 1 $840/month (month-to-month since 8/22), Unit 2 $839month, Unit 3 $810/month (month-to-month since 7/23), Unit 4 $974/month (lease expires 8/26), Unit 5 $999/month (month-to-month since 10/23), and the storefront $1,000/month (lease expires 7/26). Well-maintained and turnkey, this property offers reliable cash flow and excellent investment potential. Located on a bus line and just minutes from downtown, the airport, and freeway access, this building is a prime opportunity for investors seeking immediate income in a high-demand area. Gross rent is 65,544.00, Yearly expenses 12,749.00. Cap Rate of 11.73%

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Window Unit(s)

  • Heating YN

    YES

  • Heating

    Forced Air, Hot Water, Steam

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.106

  • Property Type

    Commercial Sale

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $450,000

  • Tax Amount

    5777.0

  • Zoning

    Retail

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Cleveland Municipal - 1809

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Cuyahoga

Elementary School

Cleveland Municipal - 1809

Middle School

High School

Listing Courtesy of Theresa M Seese , McDowell Homes Real Estate Services

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Agent JeffHelfrich

AGENT

JeffHelfrich

Call Jeff today to schedule a private showing.

(330) 557-2951

JeffHelfrich@VisionSalesTeam.com


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Income-producing 6-unit building in the heart of Cleveland's West Side, featuring 3 one-bedroom, one-bath , 2 two-bedroom, one bath apartments and 1 storefront. All apartment tenants are Section 8, paying their own electric and gas, while the owner covers water and sewer. Current rents: Unit 1 $840/month (month-to-month since 8/22), Unit 2 $839month, Unit 3 $810/month (month-to-month since 7/23), Unit 4 $974/month (lease expires 8/26), Unit 5 $999/month (month-to-month since 10/23), and the storefront $1,000/month (lease expires 7/26). Well-maintained and turnkey, this property offers reliable cash flow and excellent investment potential. Located on a bus line and just minutes from downtown, the airport, and freeway access, this building is a prime opportunity for investors seeking immediate income in a high-demand area. Gross rent is 65,544.00, Yearly expenses 12,749.00. Cap Rate of 11.73%

8621 Denison Avenue

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