See all 49 photos
49 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,399,000
Est. payment /mo
1.93 Acres Lot
UPDATED:
01/16/2025 10:23 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Villa Park Sub #1
MLS Listing ID 5094474
HOA Y/N No
Year Built 1925
Annual Tax Amount $32,288
Tax Year 2023
Lot Size 1.925 Acres
Acres 1.925
Property Description
Investor Special! This is a rare chance to acquire a 31-unit (17 property) portfolio on Cleveland's east side, offering a true value-add opportunity with significant upside. Most properties are vacant and in need of varying levels of renovation—perfect for investors ready to unlock their full potential. Once stabilized, this portfolio is projected to generate nearly $450,000 in annual gross income and over $175,000 in net cash flow after debt service. Full property details, rehab estimates, and walkthrough notes are available in the supplements. Don't miss this unique opportunity to add substantial value and cash flow to your portfolio in a growing Cleveland market!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Present Use Residential
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 140-07-066
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Read Less Info
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687