$1,325,000

( )

$8,815 est/mo Sourced by Back At You

9615 Lorain Avenue,Cleveland, OH 44102

Cleveland, OH 44102

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View of property

Newly Paved Parking Lot.

Empty room featuring dark hardwood / wood-style floors

Unfurnished living room with dark wood-type flooring and radiator

Kitchen with white cabinetry, sink, white gas stove, and dark wood-type flooring

Unfurnished room featuring dark hardwood / wood-style floors, radiator heating unit, and ceiling fan

Spare room with radiator heating unit and dark hardwood / wood-style flooring

Hallway with hardwood / wood-style floors and radiator heating unit

Bathroom with wood-type flooring, a bathtub, vanity, toilet, and a textured ceiling

Unfurnished living room featuring radiator and dark hardwood / wood-style floors

Bathroom with hardwood / wood-style flooring, vanity, and toilet

Unfurnished room with ceiling fan and dark hardwood / wood-style flooring

Empty room with ceiling fan and dark hardwood / wood-style floors

Empty room with dark wood-type flooring and ceiling fan

Unfurnished living room featuring dark hardwood / wood-style flooring and radiator

Kitchen with sink, dark wood-type flooring, and white gas stove

Kitchen with dark hardwood / wood-style floors, sink, and white appliances

Kitchen with white gas range, sink, and dark hardwood / wood-style flooring

Bathroom with a washtub, vanity, wood-type flooring, and toilet

Bathroom featuring a washtub, vanity, wood-type flooring, and toilet

Empty room featuring dark wood-type flooring, ceiling fan, radiator heating unit, and a textured ceiling

Bathroom with vanity, wood-type flooring, toilet, and a bathing tub

Bathroom featuring hardwood / wood-style floors, vanity, a bath, and toilet

Unfurnished room with ceiling fan, dark wood-type flooring, and a textured ceiling

Spare room with dark hardwood / wood-style floors

Kitchen with sink, white range with gas stovetop, white cabinetry, fridge, and dark hardwood / wood-style floors

Kitchen featuring white gas range oven, dark hardwood / wood-style flooring, and sink

Hallway featuring dark hardwood / wood-style floors

View of utility room

By Text

Description

Cash flowing 17 unit Brick Building consisting of 15 apartments and two store fronts, This is a turnkey well performing building with a waitlist of tenants. Improvements included Main Electric has been updated, New water heater and 7 apartments that have been renovated. Lead Certified Property with the city of Cleveland. Additional income opportunity with parking lot (monthly fee) and Room for laundry service expansion in the basement. The location of this building is ideal as it is close to highways, public transportation, downtown Cleveland and shopping/dining in popular Ohio City. Monthly gross rental income $13,510/162,120 annually. Strong rental market with tenant demand and an attractive cap rate makes the property an ideal investment opportunity for long term wealth.

Details

MLS#	5096895
Listing Type	For Sale
Style	Town House
Sub-Type	Resale
Status	Active
Year	1910
Days On Site	103
Listing Provided By	RE/MAX Above & Beyond \| Christopher J Barthol

Features

Basement	Y
Acreage	0.27

Market Activity 44102

Date	Sales	Avg $ Per SqFt	Min Sale Price	Max Sale Price	Med Sale Price
Date: Apr 2025	Sales: 6	Avg $ Per SqFt: $89.21	Min Sale Price: $1,600	Max Sale Price: $108,000	Med Sale Price: $87,450
Date: Mar 2025	Sales: 20	Avg $ Per SqFt: $91.13	Min Sale Price: $1,100	Max Sale Price: $530,000	Med Sale Price: $148,750
Date: Feb 2025	Sales: 7	Avg $ Per SqFt: $98.08	Min Sale Price: $125,000	Max Sale Price: $432,000	Med Sale Price: $224,000
Date: Jan 2025	Sales: 7	Avg $ Per SqFt: $111.09	Min Sale Price: $850	Max Sale Price: $555,000	Med Sale Price: $148,000
Date: Dec 2024	Sales: 3	Avg $ Per SqFt: $96.23	Min Sale Price: $140,000	Max Sale Price: $230,000	Med Sale Price: $159,900
Date: Oct 2024	Sales: 1	Avg $ Per SqFt: $112.3	Min Sale Price: $137,000	Max Sale Price: $137,000	Med Sale Price: $137,000
Date: Aug 2024	Sales: 1	Avg $ Per SqFt: $1.03	Min Sale Price: $975	Max Sale Price: $975	Med Sale Price: $975
Date: Jun 2024	Sales: 1	Avg $ Per SqFt: $132.06	Min Sale Price: $215,000	Max Sale Price: $215,000	Med Sale Price: $215,000

Sourced by Back At You

Apr 2025
Sales:	6
Avg $ Per SqFt:	$89.21
Min Sale Price:	$1,600
Max Sale Price:	$108,000
Med Sale Price:	$87,450
Mar 2025
Sales:	20
Avg $ Per SqFt:	$91.13
Min Sale Price:	$1,100
Max Sale Price:	$530,000
Med Sale Price:	$148,750
Feb 2025
Sales:	7
Avg $ Per SqFt:	$98.08
Min Sale Price:	$125,000
Max Sale Price:	$432,000
Med Sale Price:	$224,000
Jan 2025
Sales:	7
Avg $ Per SqFt:	$111.09
Min Sale Price:	$850
Max Sale Price:	$555,000
Med Sale Price:	$148,000
Dec 2024
Sales:	3
Avg $ Per SqFt:	$96.23
Min Sale Price:	$140,000
Max Sale Price:	$230,000
Med Sale Price:	$159,900
Oct 2024
Sales:	1
Avg $ Per SqFt:	$112.3
Min Sale Price:	$137,000
Max Sale Price:	$137,000
Med Sale Price:	$137,000
Aug 2024
Sales:	1
Avg $ Per SqFt:	$1.03
Min Sale Price:	$975
Max Sale Price:	$975
Med Sale Price:	$975
Jun 2024
Sales:	1
Avg $ Per SqFt:	$132.06
Min Sale Price:	$215,000
Max Sale Price:	$215,000
Med Sale Price:	$215,000

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Contact

Learn More About This Property

Amanda Williamson

e-Merge Real Estate

2012000280 (614) 301-7568

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State	OH
County	Cuyahoga
City	Cleveland
Zip Code	44102
School District	Cleveland Municipal - 1809
Elementary School	Cleveland Municipal - 1809
Middle School	Cleveland Municipal - 1809
High School	Cleveland Municipal - 1809
Listing VS Median (in 44102)
Price: $1,325,000 low \| high Med: $170,000 100% of Average On site: 103 low \| high Med: 7.000000 100% of Average

Sourced by Back At You

Listing Updated: April 9, 2025 at 2:54:09 PM PDT

9615 Lorain Avenue,Cleveland, OH 44102

Cleveland, OH 44102

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Description

Details

Features

Market Activity 44102

Request a showing

Request a showing

Contact

Learn More About This Property

Amanda Williamson

e-Merge Real Estate

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