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About This Home
This 0-bedroom, 0-bathroom multi-family at 3240 W 98th Street in Cleveland, OH is listed for $1,349,900. Built in 1928, on a 0.24 acres lot.
Summary: All Brick - 2 story low rise boasts: 17) unit with 5) main street level retail units with high visibility and 12) residential and 5) Retail. Mix: 4) 2 bed/1bath, 7) 1 Bed/1 bath, 1) studio/1 bath and 5) retail This offering presents a compelling investment opportunity in a mixed-use asset located minutes to Cleveland's downtown.
The property comprises 12 well-maintained apartment units and 5 ground-floor retail shops, complemented by a private parking lot at the rear. Highlights: - CAP rate operates at 7.1% "As Is", with proforma at 8.9% small adjustments needed to be implemented. - Great occupancy history. _ Currently professionally managed would stay on. - - Common area renovations included all common area, halls and entries newly painted, all new LED house lighting added for energy saving.
Key Features
- Built in 1928
- 0.24 acre lot
- 2 stories
- 12 parking spaces
Property Details
Monthly Cost Estimate
$7,220/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3240 W 98th Street
Cleveland, OH 44102
Property Details
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 3240 W 98th Street is listed at $1,349,900. The estimated monthly payment is $5,850 based on 20% down at 6.5% interest.
Key features include: Built in 1928, 0.24 acre lot, 2 stories, 12 parking spaces.
This property is listed by James P Matheos and can be reached at 4408479033 or jmatheos@kw.com.
