Vision Sales Team

3240 W 98th Street

Cleveland , OH 44102

MLS#: 5186026

$1,399,000

Status: Active
Listing number: 5186026
Listing provided by: Keller Williams Citywide
Listing agent phone: None
Last update: 12 days ago
On site: 12 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1928

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Heating YN

    YES

  • Heating

    Heat Pump, Hot Water, Radiant, Steam

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Assigned, Driveway, Outside, Paved, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.24

  • Property Type

    Commercial Sale

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $1,399,000

  • Tax Amount

    $28,487

  • Zoning

    Commercial

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Cleveland Municipal - 1809

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Cuyahoga

Elementary School

Cleveland Municipal - 1809

Middle School

High School

Listing Courtesy of James P Matheos , Keller Williams Citywide

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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.

3240 W 98th Street

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