For Sale
$640,000

1862 81St St Cleveland, OH 44103

Ten-unit apartment building, strong rental income.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a ten-unit apartment building situated at 1862 E 81st Street in Cleveland, Ohio, 44103. The property boasts a 0.16-acre lot and is conveniently located just north of Chester Avenue, offering easy access to downtown Cleveland and the renowned Cleveland Clinic. Currently, nine out of ten units are occupied, resulting in a robust 90% occupancy rate and a stable income stream. This makes it an attractive proposition for investors seeking a proven, cash-flowing asset. The building is classified as Special Purpose, Land and is categorized as Commercial, Other. The asking price for this multifamily property is $640,000. Its prime location near major medical facilities and the city center ensures consistent demand for rental units. This is a rare chance to acquire a well-maintained, high-occupancy apartment building in a thriving Cleveland neighborhood. The property's strong performance and strategic location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged to explore this lucrative opportunity further.

Property Details for 1862 81St St

Property type
Specialty properties, Land
Lot Size (sq. ft)
6,970 SF
Units
10

Location Insight

City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.5075343
Longitude
-81.6323204

FAQs

What type of property is this?
Specialty property - Ten-unit apartment building, strong rental income.
Where is the specialty property located?
The property is located at 1862 81St St Cleveland, OH.
What is the asking price?
The asking price for this property is $640,000.
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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1862 81St St
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