976 E 70th Street, Cleveland, OH 44103

$399,900

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List Price
$399,900
Status
ACTIVE
Days on Market
1
MLS#
5239737
Subtype
Commercial Sale
Year Built
1920
Acres
0.11
Subdivision
Hoyt
Neighborhood
Hoyt
MLS Area Major
Cleveland

Property Description

Excellent As-Is investment opportunity! This well-maintained and updated 8-unit brick building offers a rare value-add play in the St. Clair-Superior neighborhood. The property is currently fully vacant, giving an investor a clean slate to renovate, reposition, and lease all units at full market rents. Recent updates in some of the units include fresh flooring and upgraded heating systems, providing a strong head start on the interior work. Based on comparable rents in the area, this property has the potential to gross over $7,000/month once fully leased. Conveniently located near shops, restaurants, and public transportation highly desirable for​​‌​​​​‌​‌​​​​‌‌​​‌‌​‌‌​​‌​​​‌​‌ renters.

Additional Information

Taxes
$2,599
Zoning
Commercial
Heating
Forced Air
Stories
4
Parking Features
Parking Lot
School District
Cleveland Municipal - 1809

Listing Courtesy of: Cain D'Amico, cain.damico05@gmail.com With Lokal Real Estate, LLC.

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