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$ 1,369,000
Est. payment | /mo
1.93 Acres Lot
$ 1,369,000
Est. payment | /mo
1.93 Acres Lot
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 Sub-Type Other
Property Description
Investor Special! This is a rare chance to acquire a 30-unit (16 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! *Note: Attached OM reflects a portfolio size of 31 units & 17 properties which has been updated to the current portfolio size of 30 units & 16 properties.
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
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "