3116 W 86th St - Residential Income FOR SALE


Cleveland, OH 44102- West Boulevard
$1,934,329 USD
3116 W 86th St, Cleveland, OH for Sale
$1,934,329 USD
Residential Income - FOR SALE
1/1
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3116 W 86th St
Cleveland, OH 44102
West Boulevard


HIGHLIGHTS

  • Predominantly Section 8 tenants, resilient against economic downturns and government shutdowns.
  • 16 homes, 3 duplexes, total of 19 rental units.
  • Some properties rented below market value; rental increases scheduled. Opportunities exist to convert extra space into additional rentable rooms.

OVERVIEW

3 properties in Cleveland, 13 in Warren. Currently owner-managed; transitioning to professional local management is suggested for passive income. Majority are Section 8 or cash rental agreements, providing stable and reliable revenue streams. Some properties rented below market value; rental increases scheduled. Opportunities exist to convert extra space into additional rentable rooms.

FOR SALE DETAILS

PRICE

$1,934,329 USD

PRICE/SF

$44 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

19 Doors Warren & Cleveland

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

017-04-011

ASK ABOUT THIS PROPERTY

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