1817 Penrose AVE new Save Request In-Person Tour Request Virtual Tour
East Cleveland,OH 44112
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,910 sqft
Price per Sqft $51
MLS Listing ID 5103833
Bedrooms 6
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,810
Year Built 1907
Annual Tax Amount $1,581
Tax Year 2024
Lot Size 3,798 Sqft
Acres 0.0872
Property Sub-Type Duplex
Property Description
Attention investors! This multifamily property in the rapidly developing Circle East neighborhood is your next value-add project. With solid bones and ample space, this fixer-upper offers incredible profit margins. This side-by-side duplex boasts 3 bedrooms on each side with separate utility meters. Additionally, the attic area has bonus living space. The Circle East District is one of Cleveland's hottest projects and substantial investments with the Cuyahoga County Landbank. Phase I includes a mix of housing types, rebuilding of the waterline and sewer infrastructure, repaving of the streets, new sidewalks, tree lawns, trees, streetlights, and the installation of fiber optic cable. Phase II will begin this year with the groundbreaking of new luxury homes on Penrose Avenue and adjacent streets. These new homes are projected to be listed for over $325,000! The development of new commercial and recreational amenities on Euclid Avenue are included in the plan as well. This is the diamond in the rough you've been looking for! Don't miss this amazing opportunity! Google Circle East District to learn more about this major community revitalization project! Seller will not entertain any assignments of contracts nor seller financing offers. Cash deal. Easy to show!
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District East Cleveland Csd - 1812
Others
Tax ID 672-14-109
Acceptable Financing Cash,1031 Exchange
Listing Terms Cash,1031 Exchange