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1672 Lockwood Avenue East Cleveland, OH $ 250,000
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1672 Lockwood Avenue
$ 250,000
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1672 Lockwood Avenue

East Cleveland, OH, 44112
$ 250,000
Baths0.0

Monthly Estimate*

$ 1,746

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Studio

Commercial Property for sale in East Cleveland, OH

for $250,000. This building was built in 1915 on a lot size of 0.1102.

Outstanding cash, flowing six unit brick apartment building just one half mile from University Circle. Fully occupied, this building has four 2 bedroom units and two 1 bedroom units with basement storage for all occupants and tons of updates. All units have been remodeled within the past five years with several electrical, plumbing and mechanical updates throughout. The property has been granted an easement of exclusive use from the City of East Cleveland to the neighboring vacant lot. Can be used for parking or other enjoyment. Tremendous CAP rate with room to increase. Brochure in supplements. Won’t Last!

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Commercial Contingent

Price

$ 250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 9,058

Style

Lot Size

0.1102

Year Built

1915

Town/City

East Cleveland

County/Region

Cuyahoga

MLS | Web ID

5010734
Features
General
Sewer PublicSewer
Heating ForcedAir Gas
Cooling None
Possession Negotiable
Roof Composition Flat Rubber
Year Built 1915
Stories 3
Township East Cleveland
Levels ThreeOrMore
Property SubType Apartment
Tax Year 2023
Current Use Commercial MultiFamily
Business Type Commercial Rental Residential
County Cuyahoga
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Contingency Inspections
Subdivision Name Dodge
Garage Y/N N
Status Contingent
Directions Euclid or Superior to Lockwood
City East Cleveland
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District East Cleveland CSD - 1812
Zoning Description Multi-Family
Total Units 6
Waterfront Y/N N
Carport Y/N N
Street Name Lockwood
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 9058.0
Home Warranty Y/N N
Water Sewer Expense 4400.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tourdspace-ohio.aryeo.com/sites/dkqeexw/unbranded
Days on Market 97
Building Area Units SquareFeet
Standard Status ActiveUnderContract
Occupancy Description Tenant
Middle/Junior School District East Cleveland CSD - 1812
Elementary School District East Cleveland CSD - 1812
Year Built Source PublicRecords
Total Actual Rent 49956.0
Property Sub Type Additional Apartment
Cap Rate 8.0
Buyer Agent Compensation Type Item1
Legal Description 389 M DODGE 0017 ALL
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Exterior
Fencing ChainLink None
Parking Features OffStreet Unpaved
Water Source Public
Total Parking 6.0
Lot Size Area 0.1102
Foundation Details Basement Block
Number of Buildings 1
Spa N
Building Area Total 5864.0
Lot Size Acres 0.1102
Lot Size Units Acres
Lot Size Source PublicRecords
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 2
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Electric On Property Y/N N
Main Level Bathrooms 0
Total Baths 0
Living Area Units SquareFeet
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Internal Only
Street Number 1 1672
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* Excluded Features
List By
Seth B Task

Listing Agent

Berkshire Hathaway Homeservices Professional Realty

Broker

clientcare@taskhomes.com

Email

Affordability Calculator

$2,501
Per Month
70%
30%
0%
Monthly Principal & Interest
$1,746
Monthly Property Taxes
$755
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
4457452 Elementary School
4457454 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/18/2024$250,000 -9.09% Price Down
3/26/2024$275,000 -5.14% Price Down
3/4/2024$289,900 -3.37% Price Down
1/22/2024$300,000 Listed Price

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1672 Lockwood Avenue, East Cleveland, OH, 44112 is a Commercial Property for sale at $250,000 with a lot size of 0.1102. 1672 Lockwood Avenue is a studio with 0.0 baths and was built in 1915. The property's zip code is 44112 which is in East Cleveland, OH

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