3300 W 98th St, Cleveland, OH, 44102

3300 W 98th St Cleveland, OH 44102

3300 W 98th St, Cleveland, OH, 44102
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$720,000
Last Verified:
Aug 28, 2024

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Highlights

  • 6,378 SF building with 6 units
  • 100% occupancy for immediate income
  • Charming historic building built in 1909

Description

This FULLY LEASED multi-family property offers a fantastic investment opportunity with significant
upgrades & impressive rental income. Located in a desirable Cle neighborhood, this property has seen substantial
improvements, ensuring modern living & low maintenance for years to come. With its array of modern upgrades, this
property not only provides an attractive & comfortable living environment for tenants but also represents a sound
investment for the discerning buyer. The strategic renovations mean lower maintenance costs & increased tenant
satisfaction, translating to higher occupancy rates & rental income stability. Major System Upgrades: Roofs, Electrical:
panels, electrical service and rewire, high Efficiency Furnaces, Hot Water Tanks Exterior Enhancements: Newer Front
Porches, Rear Vinyl Siding, Vinyl Replacement Windows, Glass block windows. Don't miss this exceptional opportunity to
own a well-maintained, income-generating property with significant recent upgrades.

Located on W 98th Street between Denison Avenue and Almira Avenue


Year Built: 1909
Building Size: 6378sq ft
Lot Size: 0.44 acres

Map of 3300 W 98th St, Cleveland, OH, 44102

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.