Is this your property? Sell it faster with premium placement and targeted ads.
SINGLE_FAMILY - Cleveland, OH
Introducing an exceptional value-add opportunity in Cleveland's emerging E. 89th Street corridor. Walking distance to 2 of Cleveland's Premier Hospitals and University Circle Area. Solid brick, eight-unit building (14,540 sq ft) sits on a double lot and comes fully permit-ready for an approved 16-unit expansion-plans crafted by LDA Architects and variances already in hand. Why Investors Are Taking Notice: Shovel-Ready Upside: City-approved architectural drawings and zoning variances mean you can break ground almost immediately. Strong Cash-Flow Potential: The stabilized 16-unit project carries a recent appraisal near $3.6 million. Attractive Incentives: Low-interest city loans, extended state historic credits and anticipated federal credits, plus a 15-year tax abatement, all bolster your return. Land Assembly: Includes the neighboring parcel, with the option to secure a third lot for add...
Introducing an exceptional value-add opportunity in Cleveland's emerging E. 89th Street corridor. Walking distance to 2 of Cleveland's Premier Hospitals and University Circle Area. Solid brick, eight-unit building (14,540 sq ft) sits on a double lot and comes fully permit-ready for an approved 16-unit expansion-plans crafted by LDA Architects and variances already in hand. Why Investors Are Taking Notice: Shovel-Ready Upside: City-approved architectural drawings and zoning variances mean you can break ground almost immediately. Strong Cash-Flow Potential: The stabilized 16-unit project carries a recent appraisal near $3.6 million. Attractive Incentives: Low-interest city loans, extended state historic credits and anticipated federal credits, plus a 15-year tax abatement, all bolster your return. Land Assembly: Includes the neighboring parcel, with the option to secure a third lot for additional parking. Prime Location: Convenient to downtown Cleveland, major highways, and growing retail corridors-ideal for attracting long-term tenants. Don't miss this rare turnkey development play. Detailed financials, full plans, and incentive summaries available upon request. Serious inquiries only-schedule your site tour today.
Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
From elevation to risk assessment
Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel InformationIs this your property? Sell it faster with premium placement and targeted ads.