11831 Union AveCleveland, OH 44105

Property Details for 11831 Union Ave

Year built

1910

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

4,440 SF

Zone code

2F

Property type

Warehouses

APN

130-20-016

APU

13020016

Description

This exceptional investment opportunity presents a charming two-story, four-unit apartment building located at 11831 Union Ave, Cleveland, Ohio, 44105. The property, built in 1910, boasts a total of 6,660 square feet situated on a 0.198-acre lot (APN 13020016). Currently classified as a Class C multifamily property, this building presents significant potential for renovation and increased profitability. The property features two street-level storefronts, in addition to the four residential units, offering diverse income streams. The permitted zoning is 2F-B1. This presents a unique chance to acquire a multifamily property in a desirable Cleveland location at an attractive asking price of $55,000. The building's age and current condition suggest a significant opportunity for value appreciation through strategic improvements and modernization. With its prime location and substantial square footage, this property is ideal for investors seeking a hands-on project with considerable upside. The property's four units provide immediate rental income, while the two storefronts offer additional revenue potential. This is a rare chance to acquire a multifamily property in a growing area of Cleveland at a price point that makes it an attractive investment.

• Alternative Use

  Use

  Valuation

  Residential

  $914,268

  Hospitality

  $837,465

  Educational

  $696,761

  Medical

  $720,723

  Retail

  $1,083,850

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4639

Longitude

-81.5995

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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