2087 W 98th Street, Cleveland, OH 44102

$260,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$260,000
List Price
$325,000
Status
CLOSED
Days on Market
56
Closing Date
Apr 26, 2024
MLS#
5020171
Subtype
Commercial Sale
Year Built
1962
Acres
0.12
Subdivision
Edmund F Carrie S Burton Cora
Neighborhood
Edmund F Carrie S Burton Cora
MLS Area Major
Cleveland

Property Description

Welcome to your next investment opportunity, nestled in the heart of Cleveland's west side, presenting a meticulously maintained 6-unit brick apartment building boasting six charming studio apartments. With a steady cash flow and a roster of trouble-free tenants, this property promises a hassle-free ownership experience for the discerning investor. Property Highlights: Prime Location: This property enjoys proximity to major amenities, including shopping centers, dining establishments, parks, and public transportation hubs, ensuring convenience for tenants. Solid Brick Construction: Built to last, the enduring brick exterior of the building not only adds to its aesthetic appeal but also ensures durability and minimal maintenance requirements. Profitable Investment: Each of the six studio apartments is currently occupied by reliable tenants, generating consistent rental income. This established cash flow stream presents an attractive investment opportunity with immediate returns. Low Vacancy Rate: With a history of stable occupancy and satisfied tenants, vacancies are rare, providing a reliable income stream and reducing turnover costs. Professional Management: Currently under professional management, this property offers the convenience of hands-off ownership, allowing investors to enjoy passive income without the burden of day-to-day management tasks. Investment Opportunity: This turnkey property presents an ideal opportunity for seasoned investors seeking to expand their portfolio or for newcomers looking to enter the lucrative world of real estate investment. With its attractive cash flow, low maintenance requirements, and reliable tenant base, this property offers both immediate returns and long-term appreciation potential. Don't miss out on this rare opportunity to acquire a fully occupied, cash-flowing asset in a sought-after location. Schedule your viewing today and secure your future in real estate investment.

Additional Information

Taxes
$4,750
Heating
Hot Water, Steam
Air Conditioning
Central Air
Stories
2
Levels
Two
Roof
Flat
Foundation
Slab
School District
Cleveland Municipal - 1809

Listing Courtesy of: Art Obleton, artobletonjr@gmail.com With EXP Realty, LLC.

Selling Office: RE/MAX Above & Beyond.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now and updated as of . Real estate listings held by brokerage firms other than Coldwell Banker Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2026 MLS Now. All Rights Reserved.