Cathy Fleischmann (614) 519-4081
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3069 W 105th Street Cleveland, OH 44111

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$1,354,000.00 Closed
Commercial - Business MLS 5198459 New to the Market
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Listed By

Agency Name: Russell Real Estate Services
Agency Phone: 440-572-3100

Shown By

Agent Name: Cathy Fleischmann
Agent Phone: (614) 519-4081
Agency Title: Cutler Real Estate

Contact Cathy Fleischmann About This Property

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Property Description

9.22% cap rate great cash flowing fully occupied 7 property multi-family portfolio with all properties extremely well maintained located on the west side of Cleveland totaling $14,379/month ($172,548/year) in rent and net operating income of $124,791.60 annually. These properties can be sold all together or can be sold in smaller packages. Property addresses included in the portfolio and smaller packages are; 1299 W. 89th St. Cleveland, 3441 W. 95th St. Cleveland, 3069 W 105th St. Cleveland sold together for $580,000. 3340 W. 98th St. Cleveland, 3282 W. 94th St. Cleveland sold together for $380,000. 4392 W. 47th St. Cleveland, 3896 W. 21st St. Cleveland sold together for $394,000. The sellers may consider other bundled options as well. Contact us today to request a list of financials, rent roll and individual property details/pictures for more information.

Property Features

Property Type: Commercial - Business
Basement: Yes
Days on Market: 53
Heating: Forced Air, Gas
Lot Size: 0.09 Acres
Stories: 2.0
Taxes: $18,935 / year
Year Built: 1917

Feature Descriptions

Parcel#: 005-15-074
Parking: No Garage, None
Parking Notes: No Garage, None
Sewer: Public Sewer
Units: 14
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for
Fips
Fips Code 39035
Population
2020 to 2025 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2025 Estimate (V2025) 1,232,925
2020 Estimate (V2025) 1,264,775
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.1%
18 to 64 54.2%
65 and Older 20.5%
Gender
Male 48.0%
Female 52.0%
Place of Birth
Foreign 7.7%
US 92.3%
Education
High School Graduate, Age 25+ 91.5%
Bachelor's Degree or Higher, Age 25+ 36.5%
Computer and Internet use
Households with a computer 94.0%
Households with a broadband Internet subscription 89.5%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 54,264
Income
Per Capita Income $42,747
Median Household Income $64,468
People in Poverty 14.9%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 554,551
Average Household Size 2.20
Owner-Occupied 59.4%
Multi-Family 34.9%
Owner-Occupied Median Value $195,400
Median selected monthly owner costs -with a mortgage $1,570
Median selected monthly owner costs -without a mortgage $671
Median gross rent $1,060
Building Permits
New Private Housing Issued 2024 1,685
Years at Residence
1 Year or More 86.7%
Less Than 1 Year 13.3%
Business and Employment
Private non-farm Establishments 31,496
Private non-farm Employment 681,543
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 110,977
Number of Firms 23,160
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

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