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8403 Detroit Avenue Cleveland, OH $ 990,000
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$ 990,000 Get more info
8403 Detroit Avenue
$ 990,000
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8403 Detroit Avenue

Cleveland, OH, 44102
$ 990,000
Baths0.0 Sq 5,594

Monthly Estimate*

$ 6,915

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Studio

Commercial Property for sale in Cleveland, OH

for $990,000. This 5,594 square foot building 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.Act now to unlock the full potential of this property and embark on a journey to excellence in real estate.

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Commercial Active

Price

$ 990,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,086

Style

Lot Size

0.0854

Year Built

1910

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

4492632
Features
General
Sewer PublicSewer
Possession DeliveryOfDeed
Year Built 1910
Tenant Pays AllUtilities
Township Cleveland
Property SubType MixedUse
County Cuyahoga
Net Operating Income 149720.0
Operating Expense 12280.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name J F Rhodes
Garage Y/N N
Status Active
Directions ON DETROIT AVE.
City Cleveland
Buyer Agent Compensation 2
View Y/N N
Senior Community Y/N N
High School District Cleveland Municipal - 1809
Total Units 8
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
Water Sewer Expense 6000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 147
Standard Status Active
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Total Actual Rent 162000.0
Property Sub Type Additional MixedUse
Cap Rate 15.0
Legal Description 29 RHODES V15-P2 0001 NP
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Exterior
Water Source Public
Lot Size Area 0.0854
Spa N
Building Area Total 5594.0
Lot Dimensions 3720
Lot Size Acres 0.0854
Lot Size Units Acres
Lot Size Source Appraiser
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2797
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 5594.0
Street Suffix Avenue
Electric On Property Y/N N
Main Level Bathrooms 0
Above Grade Finished Area Source Appraiser
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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

$7,339
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,915
Monthly Property Taxes
$424
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/27/2023$990,000 Listed Price

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8403 Detroit Avenue, Cleveland, OH, 44102 is a Commercial Property for sale at $990,000 with 5,594 sqft and a lot size of 0.0854. 8403 Detroit Avenue is a studio with 0.0 baths and was built in 1910. The property's zip code is 44102 which is in Cleveland, OH

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