8701 Lake Avenue
Cleveland, OH 44102

Listed at $229,000

Details

  • MLS# 5187243
  • Multi Unit - Multiple
  • Status Active
  • 6 Bedrooms
  • 2 full Bathrooms
  • 0 Square Feet
  • 0.096 acres
  • Built in 1900
  • Cleveland Municipal - 1809 Local Schools
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Description

Mixed-use 3 units, Investor Special. Gross rent $2150.00/mo. Cleveland Lakewood line. Solid income stream in place at $25,800 annual gross income. Located on Cleveland side of Lakewood boarder. Residential rents re well under market with room to grow to $1200.00. Managers unit is a store that is currently rented and operating. Minutes to Edgewater, I90, and west side retail. Upside Alert: current rents trail Lakewood Market by 30%. Ideal for buyer looking to force appreciation. Priced aggressively at $229,000

Features

  • None
  • Gas
  • 2.0 Stories
  • $4,914 / year Taxes
  • Public
  • Built in 1900
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: Yes
  • Cooling: None
  • Days on Site: 25
  • Exterior: Vinyl Siding
  • Heating: Gas
  • Laundry: Inside
  • Lot Size: 0.10 Acres
  • Parcel#: 001-09-079
  • Parking: Off Street
  • Roof Type: Flat
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $4,914 / year
  • Water: Public
  • Window: Aluminum Frames
  • Year Built: 1900