958 70Th StCleveland, OH 44103

Property Details for 958 70Th St

Year built

1900

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

2,816 SF

Zone code

SI

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

105-14-051

APU

10514051

Description

This exceptional multifamily investment opportunity in Cleveland, Ohio, presents a portfolio-building chance. Located at 958 E 70th St, this property comprises four buildings situated on a 0.14-acre lot in Cuyahoga County (zip code 44103). The property includes twelve rental units, distributed across two four-plexes and two duplexes, offering a total of 4,832 square feet. One four-plex features four two-bedroom, one-bathroom units, while the second four-plex contains four one-bedroom, one-bathroom units. The two duplexes each offer two two-bedroom, one-bathroom units. This property requires a full rehabilitation, presenting a significant value-add opportunity for the savvy investor. Its central location offers easy access to downtown Cleveland, major highways, lakefront parks, shopping, dining, and public transportation. The asking price for this 12-unit apartment building is $59,900. This is a rare chance to acquire a substantial multifamily property in a desirable location with considerable upside potential. The property is being sold as a package deal.

• CAP approach

  CAP return

  Valuation

  6%

  $628,182

  6.5%

  $579,860

  7%

  $538,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $408,283

  Geo Method

  $408,283

• Alternative Use

  Use

  Valuation

  Residential

  $579,860

  Hospitality

  $531,149

  Educational

  $441,910

  Medical

  $457,107

  Retail

  $687,415

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.5282

Longitude

-81.6409

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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