9615 Lorain Avenue, Cleveland OH 44102

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$1,325,000

9615 Lorain Avenue, Cleveland, OH 44102

bedrooms

bathrooms

square feet

Acreage

0.272

Open Houses

year built

1910

Full Baths

Half Baths

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Cash flowing 17 unit Brick Building consisting of 15 apartments and two store fronts, This is a turnkey well performing building with a waitlist of tenants. Improvements included Main Electric has been updated, New water heater and 7 apartments that have been renovated. Lead Certified Property with the city of Cleveland. Additional income opportunity with parking lot (monthly fee) and Room for laundry service expansion in the basement. The location of this building is ideal as it is close to highways, public transportation, downtown Cleveland and shopping/dining in popular Ohio City. Monthly gross rental income $13,510/162,120 annually. Strong rental market with tenant demand and an attractive cap rate makes the property an ideal investment opportunity for long term wealth.

Location
Subdivision	-
County	Cuyahoga
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 5096895

Listing agent: Christopher J Barthol #2021000037

Listing broker: Remax Beyond 2000 Realty (440) 842-7200

Last update: Friday, February 7 2025 at 3:42 p.m. EST

Kotohomes National