8403 Detroit Avenue 5 Cleveland, OH $ 990,000
8403 Detroit Avenue 5
$ 990,000
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8403 Detroit Avenue 5

Cleveland, OH, 44102
$ 990,000
Bedrooms5 Baths5.0 Sq 5,624

Monthly Estimate*

$ 6,580

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Multi-Family Home for sale in Cleveland, OH

for $990,000 with 5 bedrooms and 5 full baths. This 5,624 square foot home was built in 1910 on a lot size of 0.0854.

Introducing an extraordinary investment opportunity! Nestled in a prime location just moments from the serene lake and mere minutes from the highway, this commercial building is poised for success. With 5 apartments currently undergoing an exquisite remodel and 3 commercial retail units already revitalized, the potential for substantial income is undeniable. But here's the exciting part – you have the chance to secure this gem before the remodeling is complete, and the seller is open to negotiation on the price. Don't miss out on the chance to own this beautiful building and start reaping the rewards of your investment..This location is in the Detroit-Shoreway neighborhood Cleveland nearby parks include EDGEWATER STATE PARK,CUDELL PARK and RECREATION CENTER.A Our new listing boasts 5 stunning apartments currently undergoing a remarkable remodel, along with 3 prime commercial properties. This magnificent building multifamily and comercial units is your ticket to a potential income when fully completed. Whether you prefer a turnkey investment or want to take charge of the final touches, this opportunity is too good to pass up. Act now and secure your future in real estate!"

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Multi-Family Active

Price

$ 990,000

Bedrooms

5

Full Bath

5

Property Type

Multi-Family

Taxes

$ 5,086

Style

Lot Size

0.0854

Year Built

1910

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

4493972

Features
General
Sewer PublicSewer
Heating ForcedAir Gas
Cooling WallUnits
Possession DeliveryOfDeed
Roof Flat
Garage Spaces 0.0
Construction Materials Brick
Year Built 1910
Tenant Pays Electricity Gas Heat
Stories 2
Township Cleveland
Levels Two
Unit Number 5
Property SubType Quadruplex
Gross Income 162000.0
County Cuyahoga
Net Operating Income 149720.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name J F Rhodes
Garage Y/N N
Status Active
Directions On Detroit
City Cleveland
View Y/N N
Senior Community Y/N N
High School District Cleveland Municipal - 1809
NumberOfUnitsTotal 8
Lot Size Units Acres
Waterfront Y/N N
Carport Y/N N
Street Name Detroit
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 5086.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 237
Standard Status Active
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Property Sub Type Additional Quadruplex
Legal Description 29 RHODES V15-P2 0001 NP
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Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 5624.0
Full Baths 5
Half Baths 0
Street Suffix Avenue
Total Bedrooms 5
Below Grade Finished Area 2797.0
Electric On Property Y/N N
Main Level Bathrooms 0
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Total Baths 5
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Exterior
Parking Features None
Water Source Public
Lot Size Area 0.0854
Number of Buildings 1
Spa N
Building Area Total 5624.0
Lot Size Acres 0.0854
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 8403
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* Excluded Features
List By
Floria J Aguilera

Listing Agent

Plum Tree Realty, Llc

Broker

floria.homescle@gmail.com

Email

Affordability Calculator

$7,004
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,580
Monthly Property Taxes
$424
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4457612 Elementary School
4457721 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/30/2023$990,000 Listed Price

Map


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8403 Detroit Avenue 5, Cleveland, OH, 44102 is a Multi-Family Home for sale at $990,000 with 5,624 sqft and a lot size of 0.0854. 8403 Detroit Avenue 5 has 5 bedrooms, 5.0 baths, and was built in 1910. The property's zip code is 44102 which is in Cleveland, OH