2661 GRAND AVENUE, CLEVELAND, OH 44104

bedrooms 9
bathrooms 6
|Other
THB ฿11,053,958
USD $329,900
Published on: 01 Nov 2024
Last updated on: 22 Feb 2025
2661 GRAND AVENUE, CLEVELAND, OH 44104
2661 GRAND AVENUE, CLEVELAND, OH 44104
2661 GRAND AVENUE, CLEVELAND, OH 44104
+45
2661 GRAND AVENUE, CLEVELAND, OH 44104
  • 45
Property ID: 110095341913
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multifamily - CLEVELAND, OH

2661 GRAND AVENUE, CLEVELAND, OH 44104
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!

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
566.56 m2
Year Built
1890
Rooms
9 bedroom(s), 6 bathroom(s)
Architecture Style
Other
County
Cuyahoga County
Provider
Coldwell Banker Schmidt REALTORS
Brokerage Office Name
Coldwell Banker Schmidt Family Of Companies
Neighbourhoods
BROOKS
Address
2661 GRAND AVENUE, CLEVELAND, OH 44104
Contact Agent
Christopher Frederick
Schmidt Realty
32648 Center Ridge Road, North Ridgeville, OH 44039
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Christopher Frederick
32648 Center Ridge Road, North Ridgeville, OH 44039
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      Property ID: 110095341913

      Data provided by Coldwell Banker Schmidt REALTORS, MLS #: 5080255
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