1381 E 84th St, Cleveland, OH 44103, Cleveland, OH 44103
sale
$185,000
|
Single Family Attached
Courtesy Of Coldwell Banker Schmidt Realty
Attention investors! Outstanding value-add opportunity with affordable 7-unit brick apartment building being offered at a price designed for a quick sale. Foreclosure property is being sold strictly "as-is" (limited information available), making it an ideal project for experienced investors looking to build equity and maximize returns. Building appears to consist of seven spacious 1-bedroom units and has benefited from some updates over the years, including vinyl replacement windows, but additional repairs and improvements are needed. Three long-term occupants currently reside in the building. No leases are available, and it will be the responsibility of the new owner to establish lease agreements if desired. Current occupants have helped maintain & secure the property during the transition period. Separate gas & electric meters are in place for each unit, one water meter serving the building. Electric heat appears to be installed in the individual units, while ranges & water heaters appear to be gas. Water service is currently active; however, no other utilities are on accept water. Water heaters require replacement. Ample parking, a quiet setting & strong rental demand add to the appeal. Similar spacious 1-bedroom units in the area can command approximately $700 per month, with tenants typically responsible for gas and electric expenses. Investors willing to complete the needed improvements will significant upside potential and attractive future cash flow. Property is being conveyed free & clear of liens. Showing opportunities are limited but can be accommodated. Seller has limited knowledge of the property's condition, & buyers should perform their own due diligence. Excellent opportunity to acquire a brick multifamily asset with substantial upside potential at a below-market price. Don't miss this chance to add a value-add apartment building to your portfolio. Qualified buyers only please, no owner financing available.
Read More About This Property
Read Less About This Property
Copyright © 2026 Coldwell Banker. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being 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.
Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- MLSID: 5217052
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$235,000
Commercial-Other
16020 Nelacrest Road
East Cleveland, OH 44112
Building: 5,600 sq. ft.
|
Land: 0.2 Acres
Listed By CENTURY 21 Premiere Properties
sale
$234,999
Commercial-Other
17705 Euclid Avenue
Cleveland, OH 44112
Land: 0.12 Acres
Listed By CENTURY 21 HomeStar
sale
$225,000
Multi-Family
3690 E 139th Street
Cleveland, OH 44120
Land: 0.12 Acres
Listed By CENTURY 21 Premiere Properties
sale
$199,900
Commercial-Other
7216 Clark Avenue
Cleveland, OH 44102
Land: 0.08 Acres
Listed By CENTURY 21 Premiere Properties