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4407 Clinton Ave 5 Unit Apartment Building $579,900 ($115,980/Unit) Cleveland, OH 44113
INVESTMENT HIGHLIGHTS
- Area of much new construction and rehabilitation
- Minutes to downtown and University Circle
- Walkable to many restaurants, bars, coffee shops and breweries.
EXECUTIVE SUMMARY
Here’s a great opportunity to add a solid multi-unit property to your portfolio, right in the heart of Ohio City. Each unit comes equipped with its own washer & dryer, ceiling fans for cooling, and bedrooms with carpet for added warmth. Flooring throughout is a mix of laminate and, in many kitchens, ceramic tile backsplashes. Bathrooms offer plank style flooring, with several featuring full ceramic tile finishes. The exterior is finished in wood siding, lending a warm, classic touch. Located near I-90 and Route 2, commuting to downtown Cleveland, University Circle or surrounding areas is quick and straightforward. Walkable to Hingetown, the Market District and Gordon Square these townhomes are steps from coffee shops, restaurants, breweries, bars, theaters and the West Side Market. The Lakefront Bikeway will take you to Edgewater Park and Whiskey Island or connect to the Towpath Trail to head to Tremont or the Cuyahoga Valley National Park. Investors are welcome as this is an excellent opportunity to expand your portfolio in a premium neighborhood and on a block with significant new construction and rehabilitation.
PROPERTY FACTS
| Price | $579,900 | Lot Size | 0.46 AC |
| Price Per Unit | $115,980 | Building Size | 4,370 SF |
| Sale Type | Investment | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1870 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | 2F - Commercial 4090 - 4-6 unit apartments | ||
| Price | $579,900 |
| Price Per Unit | $115,980 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 4,370 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1870 |
| Parking Ratio | 1.14/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 2F - Commercial 4090 - 4-6 unit apartments |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Range
- Yard
- Porch
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 1 | - | - |
| Studios | 1 | - | - |
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 003-25-041 | Improvements Assessment | $61,005 |
| Land Assessment | $50,295 | Total Assessment | $111,300 |
PROPERTY TAXES
Parcel Number
003-25-041
Land Assessment
$50,295
Improvements Assessment
$61,005
Total Assessment
$111,300
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4407 Clinton Ave
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