MLS#5186026
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLCleveland Municipal - 1809
Property Description
Summary: All Brick - 2 story low rise boasts: 17) unit with 5) main street level retail units with high visibility and 12) residential and 5) Retail. Mix: 4) 2 bed/1bath, 7) 1 Bed/1 bath, 1) studio/1 bath and 5) retail This offering presents a compelling investment opportunity in a mixed-use asset located minutes to Cleveland's downtown. The property comprises 12 well-maintained apartment units and 5 ground-floor retail shops, complemented by a private parking lot at the rear. Highlights: - CAP rate operates at 7.1% As Is, with proforma at 8.9% small adjustments needed to be implemented. - Great occupancy history. _ Currently professionally managed would stay on. - - Common area renovations included all common area, halls and entries newly painted, all new LED house lighting added for energy saving.
Property Features
Property Type: Commercial - Business
Basement: Apartment, Common Basement, Full, Finished, Concrete, Sump Pump, Storage Space, Walk-Up Access
Basement: Yes
Heating: Heat Pump, Hot Water, Radiant, Steam
Lot Size: 0.24 Acres
Roof Type: Asphalt, Fiberglass, Rubber
Stories: 2.0
Taxes: $28,487 / year
Year Built: 1928
Feature Descriptions
Days on Site: 52
Laundry: Coin-operated
Parcel#: 017-19-010
Parking: Assigned, Driveway, Outside, Paved, Parking Lot
Security: Security System
Sewer: Public Sewer
Units: 17
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Keller Williams Citywide
Agency Contact: jmatheos@kw.com, 440-847-9033
Shown By
Agency Title: Tanner Real Estate
Agency Phone: 330.823.8880
3240 W 98th Street | MLS# 5186026
This commercial property located at 3240 W 98th Street, Cleveland, OH 44102 is currently listed for sale with an asking price of $1,349,900. W 98th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.tannerrealestate.net today.