2661 Grand Avenue, Cleveland OH 44104

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$329,900

2661 Grand Avenue, Cleveland, OH 44104

bedrooms

bathrooms

square feet

Acreage

0.1435

Open Houses

year built

1890

Full Baths

Half Baths

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Investment Opportunity in Cleveland's New "Opportunity Corridor" - $330M Redevelopment! Seize this ground-floor investment in Cleveland's newly emerging "Opportunity Corridor" with a fully updated/lead-certified, mixed-use turnkey project. Featuring two well-cared-for, remodeled buildings that reflect beautiful workmanship and pride of ownership, this property offers immense potential. Building #1 includes vacant retail/storefront/office/warehouse space (the current owner is interested in leasing), along with three remodeled apartments. Two 1-bedroom units are rented for $700/month each, and one spacious 3-bedroom unit, just remodeled, is ready to rent for $1,250-$1,400/month (perfect for Section 8). There's room to increase rents, and this building also boasts a full basement, 5 bedrooms, 2 full/2 half baths, and ample parking. Building #2 is a beautiful 4-bedroom, 1.5-bath home, nicely remodeled/currently rented through Section 8 for $1,250/month, with an approved increase to $1,425. With ample parking, potential for billboard advertising, and turnkey professional management available, this is your chance to get in on Cleveland's fast-developing area before prices rise. Out-of-state investors are encouraged to research Cleveland's Opportunity Corridor project and see the potential this prime investment offers!

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

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MLS number: 5080255

Listing agent: Christopher A Frederick #426983

Listing broker: Coldwell Banker Schmidt Realty (440) 572-0220

Last update: Wednesday, January 15 2025 at 12:04 a.m. EST

Kotohomes National