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    11831 Un Ave Cleveland, OH 44105-1945
    Property profile & analytics

    11831 Un Ave Cleveland, OH 44105-1945


    • Warehouses
    • 4,440 SF
    • 0.10 lot acres
    Off-Market
    Last Sale Oct 12, 2022
    $50,000
    Property ID
    US66-2798781
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Warehouses

    Property Details for 11831 Un Ave

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    4,440 SF
    Zone code
    2F
    Property type
    Warehouses
    APN
    130-20-016
    APU
    13020016

    Description

    This exceptional investment opportunity presents a charming two-story, four-unit apartment building located at 11831 Union Ave, Cleveland, Ohio, 44105. The property, built in 1910, boasts a total of 6,660 square feet situated on a 0.198-acre lot (APN 13020016). Currently classified as a Class C multifamily property, this building presents significant potential for renovation and increased profitability. The property features two street-level storefronts, in addition to the four residential units, offering diverse income streams. The permitted zoning is 2F-B1. This presents a unique chance to acquire a multifamily property in a desirable Cleveland location at an attractive asking price of $55,000. The building's age and current condition suggest a significant opportunity for value appreciation through strategic improvements and modernization. With its prime location and substantial square footage, this property is ideal for investors seeking a hands-on project with considerable upside. The property's four units provide immediate rental income, while the two storefronts offer additional revenue potential. This is a rare chance to acquire a multifamily property in a growing area of Cleveland at a price point that makes it an attractive investment.


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    Location Insight

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    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5995
    Latitude
    41.4639
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,749
    $1,020
    $16,490
    $17,510
    -
    $2,900
    $47,100
    $50,000
    More about this property
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