2661 Grand Avenue Cleveland, OH 44104
Listing Courtesy of: YES MLS / Coldwell Banker Schmidt Family Of Companies / Christopher Frederick / Coldwell Banker Schmidt Family of Companies / Patricia Frederick - Contact:  thefrederickteam@gmail.com 216-210-7653

  2661 Grand Avenue Cleveland, OH 44104

Active (64 Days)
$329,900
9
BED
6
BATH

Description

Investment Opportunity in Cleveland's New Opportunity Corridor - $330M Redevelopment! Seize this ground-floor investment in Cleveland's newly emerging Opportunity Corridor with a fully updated/lead-certified, mixed-use turnkey project. Featuring two well-cared-for, remodeled buildings that reflect beautiful workmanship and pride of ownership, this property offers immense potential. Building #1 includes vacant retail/storefront/office/warehouse space (the current owner is interested in leasing), along with three remodeled apartments. Two 1-bedroom units are rented for $700/month each, and one spacious 3-bedroom unit, just remodeled, is ready to rent for $1,250-$1,400/month (perfect for Section 8). There's room to increase rents, and this building also boasts a full basement, 5 bedrooms, 2 full/2 half baths, and ample parking. Building #2 is a beautiful 4-bedroom, 1.5-bath home, nicely remodeled/currently rented through Section 8 for $1,250/month, with an approved increase to $1,425. With ample parking, potential for billboard advertising, and turnkey professional management available, this is your chance to get in on Cleveland's fast-developing area before prices rise. Out-of-state investors are encouraged to research Cleveland's Opportunity Corridor project and see the potential this prime investment offers!

MLS #:
5080255
Taxes
$2,339(2023)
Lot Size
6,251 SQFT
Type
Multifamily
Year Built
1890
School District
Cleveland Municipal - 1809
County
Cuyahoga County
Community
Brooks

Listed By

Christopher Frederick, Coldwell Banker Schmidt Family Of Companies, Contact: thefrederickteam@gmail.com 216-210-7653
Patricia Frederick, Coldwell Banker Schmidt Family of Companies
Source
YES MLS
Last checked Dec 27 2024 at 5:18 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 4
  • Half Bathrooms: 2
Subdivision
  • Brooks
Heating and Cooling
  • Forced Air
Basement Information
  • Full
Exterior Features
  • Roof: Fiberglass
  • Roof: Asphalt
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Parking
  • Paved
  • Off Street
Stories
  • 2
Additional Information: Schmidt Family Of Companies | thefrederickteam@gmail.com 216-210-7653
Location
   
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Disclaimer: Copyright 2024 YES MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/27/24 09:18