For Sale
$299,900

576 152Nd St Cleveland, OH 44110

18-Unit Apartment Building, High Occupancy

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 18-unit apartment building, located at 576 E 152nd St in Cleveland, Ohio, presents a compelling investment opportunity. Built in 1925, the property boasts a substantial 3,600 square feet situated on a 0.162-acre lot. Currently operating at 100% occupancy, this multifamily asset offers a strong, immediate return on investment. Each of the 18 units is configured in a dormitory style, providing efficient management and consistent rental income. The asking price is $299,900, translating to an attractive price per unit of $16,661.11 and a price per square foot of $83.31. The property's location in Cleveland's Cuyahoga County, zip code 44110, offers convenient access to local amenities and transportation. The property's APN is 112-25-025. This well-maintained building represents a solid foundation for building a portfolio or adding to an existing one, offering significant potential for future appreciation and cash flow. The property's strong occupancy rate and established rental income stream make it an ideal choice for investors seeking a stable and profitable investment in the Cleveland real estate market. This is a rare opportunity to acquire a well-positioned multifamily property in a thriving urban area.

Highlights

  • 18-unit apartment building in Cleveland, OH, offering a strong ROI.
  • 3,600 sq ft building on a 0.162-acre lot, built in 1925.
  • Currently 100% occupied, generating consistent rental income.
  • Asking price: $299,900 ($16,661.11 per unit, $83.31 per sq ft).
  • Located in Cuyahoga County, OH, zip code 44110, with convenient access to amenities and transportation.

Property Details for 576 152Nd St

Property type
Apartment buildings
Square Feet
3,600 SF
Year Built
1925
Lot Size (sq. ft)
7,057 SF
Units
18

Location Insight

City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.5656756
Longitude
-81.575816

FAQs

What type of property is this?
Apartment building - 18-Unit Apartment Building, High Occupancy
Where is the apartment building located?
The property is located at 576 152Nd St Cleveland, OH.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 18-unit apartment building in Cleveland, OH, offering a strong ROI.; 3,600 sq ft building on a 0.162-acre lot, built in 1925.; Currently 100% occupied, generating consistent rental income.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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576 152Nd St
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