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18804 Ironwood Avenue, Cleveland, OH 44110

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For Sale

$299,000

8 beds • 4 baths • 5,589 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $53.50
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Don't miss this well-maintained brick quad in Nottingham Village section of Collinwood, a couple blocks from a public park area and very quick access to freeway! Each updated unit contains 2 beds/1 bath - separate gas and electric meters-tenants pay own gas/electric. Abundant opportunity to boost rent for each unit- CMHA rent determination for 2 bed unit in 44110 zip is $1,142.00/month! At full potential with CMHA rates, building can generate a total of $4,568 per month!! AND . . . as a value add to this already amazing building, there is a vacant land parcel adjacent (116-03-029) currently owned by Cuyahoga Land Bank and can be purchased from the land bank for just pennies on the dollar - potential buyer to validate land bank adjacent lot purchase program! This value-add option can be used for additional parking, grill/patio/picnic/recreation, or possibly even an additional structure to compliment this already amazing cash flowing opportunity! This building has been lead certified by licensed lead inspector and HVAC certified by city per updated requirements for rental properties! Updated all vinyl thermal pane windows throughout! This building will definitely not last long! NO ASSIGNMENTS OR OWNER FINANCING ON THIS BUILDING OR PORTFOLIO PACKAGE! Seller would prefer to sell as part of portfolio package with the below properties, but will consider individual sales of properties in the portfolio - contact list agent for further details! 4091 Valley Rd, Cleveland MLS# 5141990; 3517 W. 127th St, Cleveland MLS# 5149967; 2621 E. 121st St, Cleveland MLS# 5149989; 16001 Arcade Ave, Cleveland MLS# 5144998; 3487 W. 50th St, Cleveland MLS# 515003 - These additional properties provide additional rental income of $6775.00/month - all buildings are well stabilized, are 100% occupied, and are ready for new owner to realize amazing cash flow!
MLS# 5160013

Courtesy Of Keller Williams Elevate

(440) 572-1200

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Range, Refrigerator
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    0.1 Acres
  • Rooms
    Basement
  • View Type
    City

Map and Directions

Directions to 18804 Ironwood Avenue, Cleveland, OH 44110

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.