976 E 70th St - Apartments FOR SALE


Cleveland, OH 44103- St Clair-Superior
$444,900 USD
440-781-6885
976 E 70th St, Cleveland, OH for Sale
$444,900 USD
Apartments - FOR SALE
1/17
null | 5.59% Cap Rate

976 E 70th St
Cleveland, OH 44103
St Clair-Superior


HIGHLIGHTS

  • Most of the units have been remodeled.
  • Huge Cashflow potential

OVERVIEW

Excellent investment opportunity! This well-maintained 8-unit brick building offers both stability and upside potential in the St. Clair-Superior neighborhood. Four units are currently occupied, providing immediate rental income, while four units are vacant and ready to be leased at market rates. Recent updates include fresh flooring, new carpets, and upgraded heating systems, creating a warm and inviting living environment for tenants. This property has the potential to gross over $7,000 of monthly income after it is stabilized. The property is conveniently located near shops, restaurants, and public transportation, making it highly desirable for renters. See rent roll and inspection report for details.

FOR SALE DETAILS

PRICE

$444,900 USD

PRICE/SF

$64 USD /SF

# OF UNITS

8

PRICE/UNIT

$55,613

CAP RATE

5.59%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,063 SF

ZONING

R-4

APN/PARCEL ID

105-14-047

ASK ABOUT THIS PROPERTY

Mario RussoLokal Real EstateMore Info
440-781-6885

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Mario RussoLokal Real EstateMore Info
440-781-6885

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