Cleveland, OH 44102,8707 Detroit AVE
$945,000
Est. payment /mo
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3 Beds
1 Bath
27,585 SqFt
New

8707 Detroit AVE Cleveland, OH 44102

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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


Listed by Daniel A Perelman • Platinum Real Estate • dandantherealestateman@gmail.com 216-780-0413

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agent

James Duncan

Agent | License ID: 449204

+1(330) 606-9212

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8707 Detroit AVE