1579 E 86th Street, Cleveland, OH 44106
- $158,000
- Sold Price
- $158,000
- List Price
- $219,900
- Status
- CLOSED
- Days on Market
- 191
- Closing Date
- Dec 11, 2024
- MLS#
- 5043176
- Subtype
- Commercial Sale
- Year Built
- 1920
- Acres
- 0.11
- Subdivision
- Crawford & Parmelees
- Neighborhood
- Crawford & Parmelees
- MLS Area Major
- Cleveland
Property Description
Welcome to a rare & exceptional redevelopment opportunity situated less than a mile from the renowned Cleveland Clinic main campus! This vacant property comes with fully developed plans for an interior renovation, transforming the current 6-unit structure into 12 modern units. The comprehensive architectural design drawings outline the creation of (3) 1-bedroom units and (9) 2-bedroom units, making this a prime investment in a rapidly gentrifying neighborhood. With projected rents catering specifically to the influx of medical professionals from the Cleveland Clinic, this property has potential for substantial returns. Inquire today for further details and seize this unique chance to invest in a high-demand area.
Additional Information
- Taxes
- $2,796
- Heating
- Hot Water, Steam
- Air Conditioning
- None
- Roof
- Composition, Flat
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services
Selling Office: HomeSmart Real Estate Momentum LLC.Mortgage Calculator
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