Excellent As-Is investment opportunity! This well-maintained and updated 8-unit brick building offers a rare value-add play in the St. Clair-Superior neighborhood. The property is currently fully vacant, giving an investor a clean slate to renovate, reposition, and lease all units at full market rents. Recent updates in some of the units include fresh flooring and upgraded heating systems, providing a strong head start on the interior work. Based on comparable rents in the area, this property has the potential to gross over $7,000/month once fully leased. Conveniently located near shops, restaurants, and public transportation highly desirable for renters.
| MLS # | 5239737 |
|---|---|
| Listing Type | For Sale |
| Style | Apartment |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 18 |
| Listing Provided By | Lokal Real Estate, LLC. | Cain D'Amico |
| Story(s) | 4 |
|---|---|
| Units | 8 |
| Building(s) | 1 |
| Zoning | Commercial |
| Acreage | 0.11 |
| Parking Features | Parking Lot |
|---|
| Tax Annual Amount | 2599 |
|---|
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44103 |
| Community Name | Hoyt |
| Listing VS Median (in Hoyt) | |
Price: $399,900 low | high Med: $96,500 On site: 18 low | high Med: 184 | |
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44103 |
| Community Name | Hoyt |
| Listing VS Median (in Hoyt) | |
Price: $399,900 low | high Med: $96,500 On site: 18 low | high Med: 184 | |