OH > Cleveland > Seidman
Cleveland, OH 44102,8621 Denison AVE
Cleveland, OH 44102,8621 Denison AVE
Cleveland, OH 44102,8621 Denison AVE
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Found It Team

Found It Team

+1(800) 790-7576
$450,000
Est. payment /mo
4,617 Sqft Lot
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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Seidman

MLS Listing ID 5149822

HOA Y/N No

Year Built 1916

Annual Tax Amount $5,777

Tax Year 2024

Lot Size 4,617 Sqft

Acres 0.106

Property Sub-Type Apartment

Property Description

Income-producing 6-unit building in the heart of Cleveland's West Side, featuring 3 one-bedroom, one-bath , 2 two-bedroom, one bath apartments and 1 storefront. All apartment tenants are Section 8, paying their own electric and gas, while the owner covers water and sewer. Current rents: Unit 1 $840/month (month-to-month since 8/22), Unit 2 $839month, Unit 3 $810/month (month-to-month since 7/23), Unit 4 $974/month (lease expires 8/26), Unit 5 $999/month (month-to-month since 10/23), and the storefront $1,000/month (lease expires 7/26). Well-maintained and turnkey, this property offers reliable cash flow and excellent investment potential. Located on a bus line and just minutes from downtown, the airport, and freeway access, this building is a prime opportunity for investors seeking immediate income in a high-demand area. Gross rent is 65,544.00, Yearly expenses 12,749.00. Cap Rate of 11.73%

Location

State OH

County Cuyahoga

Interior

Heating Forced Air, Hot Water, Steam

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features On Street

Water Access Desc Public

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 017-30-008

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Read Less Info
Listed by Theresa M Seese • McDowell Homes Real Estate Services • Theresa@sellwithseese.com, 216-666-1411
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