Cuyahoga County, East Cleveland, OH 44112
60 bd30 ba26,848 sfBuilt 1922
Gross spread$1,800,000
Description
(East Cleveland Revitalization: Prime Investment Opportunity) Discover an incredible investment opportunity with this **30-unit 4 storefront apartment building**, poised for transformation and rejuvenation. Situated in a promising neighborhood, this property presents a blank canvas for savvy investors looking to capitalize on its substantial potential. **Key Features:**- **Rehabilitation Opportunity:** The building requires a full rehab, allowing for customization and modernization, which can significantly increase its value.- **High Demand Location:** Located in an area with growing demand for quality housing, you can attract reliable tenants and maximize rental income.- **Potential for Enhanced Cash Flow:** With strategic renovations, you can elevate the living experience, leading to higher rents and improved occupancy rates.- **Strong Investment Fundamentals:** The property’s size and layout offer ample opportunities for improvement and expansion, making it an ideal candidate for value-add renovations.Don’t miss your chance to turn this property into a thriving asset in a revitalizing market. With the right vision and investment, this 30-unit 4 storefront apartment building can become a profitable venture that meets the needs of today’s renters. Cleveland is undergoing a $122 million redevelopment project led by the Cuyahoga Land Bank. This initiative aims to revitalize the community and bring positive change. Key details include: Cuyahoga Land Bank: A nonprofit organization repurposing vacant properties to stabilize neighborhoods and promote economic growth. $122 Million Investment: Funds will be used for housing rehabilitation, commercial development, green spaces, and infrastructure improvements. Impact: Economic revival, enhanced quality of life, and community pride are expected outcomes. Community Involvement: Active participation from local organizations and residents will shape the redevelopment. Additionally, They plan to create a center for new jobs, housing, and retail options, addressing the area's needs and contributing to economic and community development. The project aligns with the demand for affordable housing near public transportation routes and is supported by the Cuyahoga County Planning Commission and Clevelanders for Public Transit. This redevelopment effort signifies a significant step towards a brighter future for East Cleveland, with the potential to attract investment, improve accessibility, and foster economic growth. Call Kevin Melendez [contact details hidden]
$/sqft vs market
Median of 5 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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