Description
Welcome to this value add mixed use investment property at the corner of a well traveled intersection at Union and E. 93rd St. in Cleveland, Ohio. While there have been several updates done over the years to the property it is definitely in a condition that needs considerable TLC after vandalism. Once completed, this property will cash flow with an incredible cap rate. 10 apartments including three three-bedroom units, three two-bedroom units, and four one-bedroom units. The first floor features three office/retail units totaling approximately 2500 ft. as well as a center collaborative space with elevator to all three levels. The property has a full basement that can be used for a variety of uses and each apartment can have its own garage space with individual garage door! Additional parking in the rear and fantastic brick architecture. The seller has a contractor estimating the total rehab at $300,000. Potential rent roll attached based on all realistic area comparisons
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0BEDS
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0.5ACRES
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0BATHS
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01/2 BATHS
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13,525SQFT
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$13$/SQFT
School Ratings & Info
Listing information © 2023 YES-MLS.
Description
Welcome to this value add mixed use investment property at the corner of a well traveled intersection at Union and E. 93rd St. in Cleveland, Ohio. While there have been several updates done over the years to the property it is definitely in a condition that needs considerable TLC after vandalism. Once completed, this property will cash flow with an incredible cap rate. 10 apartments including three three-bedroom units, three two-bedroom units, and four one-bedroom units. The first floor features three office/retail units totaling approximately 2500 ft. as well as a center collaborative space with elevator to all three levels. The property has a full basement that can be used for a variety of uses and each apartment can have its own garage space with individual garage door! Additional parking in the rear and fantastic brick architecture. The seller has a contractor estimating the total rehab at $300,000. Potential rent roll attached based on all realistic area comparisons
Listing information © 2023 YES-MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Connections Realty | Keller Williams are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2023-02-06T16:09:11.617.