3
See all 3 photos
$199,000
Est. payment /mo
6 Beds
2 Baths
4,164 Sqft Lot
Price Dropped by $30K
8701 Lake AVE Cleveland, OH 44102
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Davis & Grombachers
MLS Listing ID 5187243
Bedrooms 6
Full Baths 2
HOA Y/N No
Year Built 1900
Annual Tax Amount $4,914
Tax Year 2025
Lot Size 4,164 Sqft
Acres 0.0956
Property Sub-Type Triplex
Stories Two
Story Two
Property 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
Upside Alert: current rents trail Lakewood Market by 30%. Ideal for buyer looking to force appreciation. Priced aggressively at
$229,000
Location
State OH
County Cuyahoga
Interior
Heating Gas
Cooling None
Fireplace No
Window Features Aluminum Frames
Laundry Inside
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Flat
Private Pool No
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 001-09-079
Special Listing Condition Standard
Listed by Kal Alnazer • 2000 Professional Realty • kalnazer@sbcglobal.net, 216-650-2242
NEARBY SCHOOL & BUSINESS
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