8621 Denison Ave - Apartments FOR SALE


Cleveland, OH 44102- West Boulevard
$450,000 USD
440-205-2000
8621 Denison Ave, Cleveland, OH for Sale
$450,000 USD
Apartments - FOR SALE
1/30
null | 11.73% Cap Rate

8621 Denison Ave
Cleveland, OH 44102
West Boulevard


OVERVIEW

Income-producing 6-unit building in the heart of Cleveland's West Side, featuring 3 one-bedroom, one-bath , 2 two-bedroom, one bath apartments and 1 storefront. All apartment tenants are Section 8, paying their own electric and gas, while the owner covers water and sewer. Current rents: Unit 1 $840/month (month-to-month since 8/22), Unit 2 $839month, Unit 3 $810/month (month-to-month since 7/23), Unit 4 $974/month (lease expires 8/26), Unit 5 $999/month (month-to-month since 10/23), and the storefront $1,000/month (lease expires 7/26). Well-maintained and turnkey, this property offers reliable cash flow and excellent investment potential. Located on a bus line and just minutes from downtown, the airport, and freeway access, this building is a prime opportunity for investors seeking immediate income in a high-demand area.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

5

PRICE/UNIT

$90,000

CAP RATE

11.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Storefront + 5 Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

LR

APN/PARCEL ID

017-30-008

ASK ABOUT THIS PROPERTY

Theresa SeeseMcDowell Real Estate ServicesMore Info
440-205-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Theresa SeeseMcDowell Real Estate ServicesMore Info
440-205-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.