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    576 152Nd St Cleveland, OH 44110

    For Sale
    $299,900

    18-Unit Apartment Building, High Occupancy

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 18-unit apartment building, located at 576 E 152nd St in Cleveland, Ohio, presents a compelling investment opportunity. Built in 1925, the property boasts a substantial 3,600 square feet situated on a 0.162-acre lot. Currently operating at 100% occupancy, this multifamily asset offers a strong, immediate return on investment. Each of the 18 units is configured in a dormitory style, providing efficient management and consistent rental income. The asking price is $299,900, translating to an attractive price per unit of $16,661.11 and a price per square foot of $83.31. The property's location in Cleveland's Cuyahoga County, zip code 44110, offers convenient access to local amenities and transportation. The property's APN is 112-25-025. This well-maintained building represents a solid foundation for building a portfolio or adding to an existing one, offering significant potential for future appreciation and cash flow. The property's strong occupancy rate and established rental income stream make it an ideal choice for investors seeking a stable and profitable investment in the Cleveland real estate market. This is a rare opportunity to acquire a well-positioned multifamily property in a thriving urban area.

    Property Features for 576 152Nd St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,600 SF
    Lot Size
    7,057 SF

    Building Details

    Year Built
    1925
    Units
    18

    HighLights

    • 18‑unit apartment building in Cleveland, OH, offering a strong ROI.
    • 3,600 sq ft building on a 0.162‑acre lot, built in 1925.
    • Currently 100% occupied, generating consistent rental income.
    • Asking price: $299,900 ($16,661.11 per unit, $83.31 per sq ft).
    • Located in Cuyahoga County, OH, zip code 44110, with convenient access to amenities and transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.575816
    Latitude
    41.5656756

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    FAQs

    What type of property is this?
    Multifamily property - 18-Unit Apartment Building, High Occupancy
    Where is this multifamily property located?
    The property is located at 576 152Nd St Cleveland, OH.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: 18-unit apartment building in Cleveland, OH, offering a strong ROI.; 3,600 sq ft building on a 0.162-acre lot, built in 1925.; Currently 100% occupied, generating consistent rental income.
    Request Owner's contact information
    576 152Nd St Cleveland, OH 44110
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    Cleveland, OH 44110
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    576 152Nd St Cleveland, OH 44110
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