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8701 Lake Avenue, Cleveland, OH 44102

$229,000
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Status - Active
6BEDS 2 fullBATHS 5187243MLS# Davis & GrombachersSUBDIVISION Cleveland Municipal - 1809SCHOOL

Home Value Estimate


Description

Mixed-use 3 units, Investor Special. Gross rent $2150.00/mo. Cleveland Lakewood line. Solid income stream in place at $25,800 annual gross income. Located on Cleveland side of Lakewood boarder. Residential rents re well under market with room to grow to $1200.00. Managers unit is a store that is currently rented and operating. Minutes to Edgewater, I90, and west side retail. Upside Alert: current rents trail Lakewood Market by 30%. Ideal for buyer looking to force appreciation. Priced aggressively at $229,000

Features

  • None
  • Gas
  • 2.0 Stories
  • $4,914 / year Taxes
  • Public
  • Built in 1900