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!
Property Details
Property Features
Property Information:
Year Built: 1890
Stories: 2
Listing Office:
Office Name: Coldwell Banker Schmidt Realty
Office Phone: (216) 210-7653
Listing Agent: Christopher A Frederick
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Partial Bathrooms: 2
Full Bathrooms: 4
Total Bedroom Count: 9
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Attached Garage: No
Parking: Off Street, Paved
Lot Features
Lot Information:
Lot Size: 0.14 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: None
Other
Directions Information:
Directions: Off Grand
Price Information
Listing Price Info
Price Summary:
List Price: $329,900
Tax Information:
Annual Amount: $2,212
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Cleveland, OH.
This property is $165.6K more than the Median Sold Price in Cleveland, OH.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: NOWDD
MLS Number: #5080255
Listing Office:
Office Name: Coldwell Banker Schmidt Realty
Office Phone: (216) 210-7653
Listing Agent: Christopher A Frederick
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/5/2024, 8:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$2,212
$21,280
2019
$2,107
$21,530
2018
$2,993
$21,530
2017
$668
$6,580
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Cleveland School of Arts Lower Campus
2501 E 61st St
Distance between this listing and this school1.11 miles
Public District Grades PK-5
3
/10
Phoenix Village Academy Primary 2
12601 Shaker Blvd
Distance between this listing and this school1.63 miles
Public Charter Grades 3-6
3
/10
Village Preparatory School:: Woodland Hills Campus
9201 Crane Ave
Distance between this listing and this school1.63 miles
Public Charter Grades KG-3
Nearby Schools
2
/10
Bolton
9803 Quebec Ave
Distance between this listing and this school0.69 miles
Public District Grades PK-8
3
/10
Cleveland Arts and Social Sciences Academy
10701 Shaker Blvd
Distance between this listing and this school0.81 miles
Public Charter Grades KG-8
3
/10
Anton Grdina
2955 E 71st St
Distance between this listing and this school0.85 miles
Public District Grades PK-8
Nearby Schools
3
/10
New Technology Hs@East Tech
2439 E 55th St
Distance between this listing and this school1.28 miles
Public District Grades 9-12
2
/10
East Technical High School
2439 E 55th St
Distance between this listing and this school1.28 miles
Public District Grades 9-12
7
/10
John Hay School of Science & Medicine
2075 Stokes Blvd
Distance between this listing and this school1.32 miles
The neighbors living near this home have an average income of $24,545. Most Cleveland, OH residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
This home is located at 2661 Grand Ave in Cleveland, OH and zip code 44104 in the Buckeye-Woodhill neighborhood. This home, which was built in 1890, sits on a 0.14 acre lot. Features: 9 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $329,900.
In October 2024 more than 275 listings in Cleveland, OH were sold above the asking price. During the same period more than 110 listings were sold at asking price, while more than 333 were sold below. In October 2024 in Cleveland, OH there were 4.7% more homes for sale than in September 2024. In October 2024 median list price was $164,291 and the average listing age was 36 days.
From Rocket Homes Real Estate and based on county public records data.