8707 Detroit AVE new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44102
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5125648
Year Built 1910
Annual Tax Amount $13,360
Tax Year 2024
Lot Size 0.738 Acres
Property Sub-Type Apartment
Property Description
Amazing opportunity to acquire 15 townhomes in a great neighborhood. All units have their own private basement, LR, Dr, and kitchen on the first floor and 3 bedrooms and bathroom up. All separate utilities including separate water and sewer. Each unit has its own separate parcel # Creating great opportunities to fix and flip each and resell, or keep and have great cash flow. Some work is started but will need full rehab. One unit is fire-damaged and may not be salvageable. Newer roof on the whole property, except for the fire-damaged unit. Also comes with the 16th parcel of a completely redone parking lot, with plenty of spaces. Possible owner financing with down payment, and POF to handle the rehab. City says they are willing to give tax abatement for the right developer.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air,Gas
Cooling None
Exterior
Parking Features Assigned,Parking Lot
Roof Type Membrane
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Assumable,Cash,1031 Exchange,Lease Option,Lease Purchase,Owner Will Carry,Owner May Carry,Private Financing Available
Listing Terms Assumable,Cash,1031 Exchange,Lease Option,Lease Purchase,Owner Will Carry,Owner May Carry,Private Financing Available