Cleveland, OH 44102,9615 Lorain AVE
Cleveland, OH 44102,9615 Lorain AVE
Cleveland, OH 44102,9615 Lorain AVE
Cleveland, OH 44102,9615 Lorain AVE
Cleveland, OH 44102,9615 Lorain AVE
Cleveland, OH 44102,9615 Lorain AVE
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
Tue
25
Feb
Wed
26
Feb
Thu
27
Feb
$ 1,325,000
Est. payment | /mo

0.27 Acres Lot


Save
$ 1,325,000
Est. payment | /mo
Save

0.27 Acres Lot

Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5096895

HOA Y/N No

Year Built 1910

Annual Tax Amount $30,087

Tax Year 2024

Lot Size 0.272 Acres

Acres 0.272

Property Sub-Type Apartment

Property Description

Cash flowing 17 unit Brick Building consisting of 15 apartments and two store fronts, This is a turnkey well performing building with a waitlist of tenants. Improvements included Main Electric has been updated, New water heater and 7 apartments that have been renovated. Lead Certified Property with the city of Cleveland. Additional income opportunity with parking lot (monthly fee) and Room for laundry service expansion in the basement.
The location of this building is ideal as it is close to highways, public transportation, downtown Cleveland and shopping/dining in popular Ohio City. Monthly gross rental income $13,510/162,120 annually. Strong rental market with tenant demand and an attractive cap rate makes the property an ideal investment opportunity for long term wealth.

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Hot Water, Steam

Fireplace No

Exterior

Parking Features Off Street, Parking Lot, On Street

Water Access Desc Public

Roof Type Composition,Flat

Present Use Investment,Multi-Family

Total Parking Spaces 15

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 017-03-128

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Christopher J Barthol • RE/MAX Above & Beyond • christopherbarthol@gmail.com 440-342-6458
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

GET MORE INFORMATION

Name
Phone*
Message

Go tour this home

9615 Lorain AVE