8707 Detroit AVE new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44102
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 27,585 sqft
Price per Sqft $34
MLS Listing ID 5125651
Bedrooms 3
Full Baths 1
Construction Status Fixer
HOA Y/N No
Abv Grd Liv Area 18,540
Year Built 1910
Annual Tax Amount $13,360
Tax Year 2024
Lot Size 0.738 Acres
Acres 0.738
Property Sub-Type Quadruplex
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
Direction East
Rooms
Basement Unfinished
Interior
Heating Forced Air,Gas
Cooling None
Fireplace No
Window Features Double Pane Windows
Laundry In Unit
Exterior
Exterior Feature Balcony
Parking Features Assigned,Parking Lot
View Y/N Yes
Water Access Desc Public
View City
Roof Type Membrane
Porch Balcony
Private Pool No
Building
Faces East
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Fixer
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 001-31-067
Acceptable Financing Assumable,Cash,1031 Exchange,FHA 203(b),FHA 203(k),Lease Option,Lease Purchase,Owner Will Carry,Owner May Carry,Private Financing Available,Trade
Listing Terms Assumable,Cash,1031 Exchange,FHA 203(b),FHA 203(k),Lease Option,Lease Purchase,Owner Will Carry,Owner May Carry,Private Financing Available,Trade