8415 Detroit AVE, Cleveland, OH 44102
8415 Detroit AVE, Cleveland, OH 44102
8415 Detroit AVE, Cleveland, OH 44102
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$249,900
Est. payment /mo
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8 Beds
4 Baths
2,219 SqFt
New

8415 Detroit AVE Cleveland, OH 44102

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Emily Shortall

Emily Shortall

+1(740) 994-5131

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,219 sqft

Price per Sqft $112

Subdivision James F Rhodes Allotment

MLS Listing ID 5228504

Bedrooms 8

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,219

Year Built 1910

Annual Tax Amount $5,245

Tax Year 2025

Lot Size 6,185 Sqft

Acres 0.142

Property Sub-Type Triplex

Stories Three Or More

Story Three Or More

Property Description

Rare Detroit Shoreway value-add opportunity with immediate income and substantial upside. Public records identify the property as a duplex, while three units are currently registered with the City, fully occupied, and generating strong cash flow. The second- and third-floor units were renovated within the past three years, leaving a clear path to increased returns through remodeling the first-floor unit and separately metering gas and electric. The basement was previously occupied as a fourth unit but requires proper egress. Ownership obtained pricing below $5,000 for an egress window, creating the potential to complete this and pursue registration of an additional unit, subject to City approval. Projections show an 11.41% cash return after planned improvements. Ideally located near Gordon Square, Edgewater, Lakewood, dining, entertainment, and major commuter routes. Ownership is simply reallocating capital and passing on the potential as an exceptional opportunity for the next investor to capture the upside.

Location

State OH

County Cuyahoga

Rooms

Basement Finished, Partially Finished

Interior

Heating Dual System, Forced Air

Cooling None

Fireplace No

Appliance Range, Refrigerator

Laundry Common Area

Exterior

Parking Features Driveway, Detached, Garage, Unpaved

Garage Spaces 2.0

Garage Description 2.0

Fence Chain Link

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 002-20-012

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Seth B Task • Berkshire Hathaway HomeServices Professional Realty • Sethtask@taskteamcle.com

NEARBY SCHOOL & BUSINESS

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Emily Shortall

Emily Shortall

Broker Associate, Agent | OH & WV | License ID: 2015000549,WV0029886

+1(740) 994-5131

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