9714 Lorain AveCleveland, OH 44102

Property Details for 9714 Lorain Ave

Year built

1920

Lot size

0.13 AC

Property size (Sq ft)

6,046 SF

Property type

Mixed-use properties

Property subtype

Other retail properties

Description

This mixed-use investment opportunity in Cleveland's West Boulevard neighborhood presents a compelling opportunity. The 6,046 square foot building, constructed in 1920, comprises two street-level retail spaces on Lorain Avenue and four residential units above. The residential units consist of two one-bedroom/one-bathroom units and two efficiency units. Three of the four residential units are currently occupied, providing immediate rental income. The property also includes off-street parking. This is a distressed property sold AS-IS, WHERE-IS, with all faults, and subject to any code violations. The sale is subject to a 10% buyer's premium added to the final bid. No contingencies are accepted, except for the seller's ability to convey insurable title. Financing and inspection contingencies are not permitted. Property taxes will be prorated to the closing date, which must occur within 21 days of the sale. A 10% deposit must be wired to a seller-approved title company within 24 hours of sale conclusion. The seller reserves the right to accept or reject any bid or cancel the auction at any time. The property sits on a 0.134-acre lot and is a two-story building. The asking price is $99,999. The property is owned by a bank (REO) and is being sold as a distressed property. The legal description is 9714-9716 Lorain Ave, Cleveland, OH 44102, APN 005-24-004.

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4681

Longitude

-81.7501

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