3240 W 98th ST Cleveland, OH 44102
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5256518
HOA Y/N No
Year Built 1928
Annual Tax Amount $28,811
Tax Year 2025
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Apartment
Property Description
This well maintained all brick 2- story low rise is located at a high visibility / high traffic count corner offering desirable pedestrian traffic for retail and bus stops right outside. for tenant transportation.
This property boasts: 17) units total: 5) main level high visibility retail units, and 12) residential.
Unit mix as follows: 4) 2 bed/1bath, 7) 1 Bed/1 bath, 1) studio/1 bath and 5) retail
(Retail Tenants are stable, have been in place and well established).
CAP rate operates at 7.0% "As Is", with proforma at 9% with small adjustments. Stable / consistent occupancy history.
NOTES:
- Parking: 12 spaces, with security lighting and camera system - at the rear for private / secure off street parking for tenant value add that shows up in rent!
- Laundry: On site laundry is provided w/ coin op in basement.
- Management: Currently professionally managed and would stay on as desired / needed.
- Updates: Cosmetics reno includes - Common area renovations: fresh paint, doors, walls, halls and entries, all new LED lighting added for energy saving and contemporary / modern feel.
- Boiler: Professionally scheduled and maintained, offers auto feeder and low water shut off, Techmar thermostat management.
Location
State OH
County Cuyahoga
Rooms
Basement Apartment, Common Basement, Full, Finished, Concrete, Sump Pump, Storage Space, Walk-Up Access
Interior
Heating Heat Pump, Hot Water, Radiant, Steam
Cooling Window Unit(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Assigned, Driveway, Outside, Paved, Parking Lot
Fence Fenced
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Rubber
Present Use Investment,Multi-Family,Mixed Use
Total Parking Spaces 12
Building
Story 2
Foundation Basement
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 017-19-010
Security Features Security System
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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