< iframe src = "https://www.googletagmanager.com/ns.html?id=GTM-KK46WNH" height = "0" width = "0" style = "display:none;visibility:hidden" > < /iframe> 1380 W 116th Street, Cleveland, OH 44102 | 1038732224 | Berkshire Hathaway HomeServices Kathy Reid Realty

1380 W 116th Street $399,900


    1380 W 116th Street Cleveland, OH 44102

    • 4,527 sq. ft.
    • 0.10 Acres
    • Commercial
    • MLS# 1038732224
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    Views: 7 Days On Site: 83

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    Property Details

    Description Tours

    Well maintained and with a lot of updates. This six-unit apartment currently has all MTM tenants with below-market rents. Updates include new windows, inside and outside doors, newer gutters, two newer (4 years old) hot water tanks with a spare on hand, a well-maintained flat roof, all units are currently occupied, 3 units recently updated, 1/2 the basement is secured storage for each tenant with laundry, and 1/2 of the basement is used for owner/manager storage. This is a super value-add opportunity to upgrade the suites and turn the units over at higher rents. Great location on West 116th between Detroit and Clifton Blvd. Easy access to Downtown Cleveland, Edgewater Beach, Lakewood, highway access, and public transportation. This is a very easy building to rent and there is room for improvement.

    • General Features
      • YearBuilt 1900
    • Building Features
      • Heating Yn true
      • Heating Forced Air, Gas
      • Cooling Window Unit(s)
      • BuildingAreaTotal 4527.0
      • Cooling Yn true
      • Roof Flat
    • Property Features
      • LotSizeAcres 0.1049
      • Sewer Public Sewer
      • Parking Features Driveway, Public, On Street



    44102 (Cleveland) Demographics

    34 Median Age
    5,989 Population Density (per sq. mile)
    28% College Educated
    $32,289 Estimated Median Income
    6,774 Estimated Total Home Owners
    13,603 Estimated Total Renters
    33% / 67% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    44,320 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $115,000 Median Sales Price
    21 Homes Sold
    37 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $399,900
        8/24/2023 4:16:54 PM Status Changed Source: Multiple Listing Service New Value: Pending
        8/15/2023 12:42:01 PM Price Reduced Source: Multiple Listing Service New Value: $399,900 -2.46%
        8/8/2023 11:03:52 AM Price Reduced Source: Multiple Listing Service New Value: $410,000 -4.65%
        7/17/2023 5:15:08 PM Price Reduced Source: Multiple Listing Service New Value: $430,000 -4.44%
        7/4/2023 6:02:00 PM New in Database Source: Multiple Listing Service New Value: $450,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.