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3116 W 86th St - 19 Doors Warren & Cleveland 44,000 SF Specialty Building Offered at $1,934,329 in Cleveland, OH 44102
INVESTMENT HIGHLIGHTS
- Predominantly Section 8 tenants, resilient against economic downturns and government shutdowns.
- Some properties rented below market value; rental increases scheduled. Opportunities exist to convert extra space into additional rentable rooms.
- 16 homes, 3 duplexes, total of 19 rental units.
EXECUTIVE SUMMARY
3 properties in Cleveland, 13 in Warren. Currently owner-managed; transitioning to professional local management is suggested for passive income. Majority are Section 8 or cash rental agreements, providing stable and reliable revenue streams. Some properties rented below market value; rental increases scheduled. Opportunities exist to convert extra space into additional rentable rooms.
PROPERTY FACTS
| Price | $1,934,329 | Building Class | B |
| Price Per SF | $43.96 | Building Size | 44,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2005 |
| Property Subtype | Residential Income |
| Price | $1,934,329 |
| Price Per SF | $43.96 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | B |
| Building Size | 44,000 SF |
| No. Stories | 1 |
| Year Built | 2005 |
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Walk Score®
Very Walkable (77)
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3116 W 86th St - 19 Doors Warren & Cleveland
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