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5058 Broadway Avenue Cleveland, OH $ 608,000
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$ 608,000 Get more info
5058 Broadway Avenue
$ 608,000
Back to search
Share Save

5058 Broadway Avenue

Cleveland, OH, 44127
$ 608,000
Baths0.0

Monthly Estimate*

$ 3,641

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Studio

Commercial Property for sale in Cleveland, OH

for $608,000. This building was built in 1963 on a lot size of 0.2443.

This is a unique opportunity to invest in a turnkey building in Cleveland. Broadway Ave was recently designated an RTA priority corridor. This 12 unit property is well- maintained and well-located on a neighborhood artery minutes from downtown. A variety of nearby neighborhood amenities make this an ideal location for renters, supported by a robust and diverse community. 12 Units total, 10 1-bedrooms and 2 2-bedroom. Owner pays water/sewer/trash and gas to heat and for hot water tank. Tenants pay electric. 10 Units fully renovated. 4 units with CMHA.

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Commercial Active

Price

$ 608,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,746

Style

Lot Size

0.2443

Year Built

1963

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5042516
Features
General
Sewer PublicSewer
Heating Baseboard HotWater Radiant Steam
Cooling WallWindowUnits
Possession DeliveryOfDeed
Roof Flat
Year Built 1963
Township Cleveland
Property SubType Apartment
Tax Year 2023
Current Use Residential
County Cuyahoga
Net Operating Income 53505.0
Operating Expense 46274.0
New Construction N
Property Type CommercialSale
Home Owner Association Y/N N
Attached Garage N
Subdivision Name Charles Levitts
Garage Y/N N
Status Active
Directions fleet to Broadway
City Cleveland
Disclosures PrincipalisRealEstateLicensed
View Y/N N
Senior Community Y/N N
High School District Cleveland Municipal - 1809
NumberOfUnitsTotal 12
Lot Size Units Acres
Waterfront Y/N N
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 11746.0
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Water Sewer Expense 10584.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 77
Building Area Units SquareFeet
Living Area Units SquareFeet
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source PublicRecords
Total Actual Rent 99780.0
Property Sub Type Additional Apartment
Cap Rate 8.0
Legal Description 324 DOLLOFF NWP 198 NWP OF CLEWELL SUBD 31SEP 32EP 33EP
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Exterior
Fencing ChainLink
Parking Features Open OffStreet Outside ParkingLot
Water Source Public
Total Parking 12.0
Lot Size Area 0.2443
Number of Buildings 1
Spa N
Building Area Total 6927.0
Lot Size Acres 0.2443
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N Y
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features Coinoperated
Electric On Property Y/N N
Main Level Bathrooms 0
Total Baths 0
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Internal Only
Street Number 1 5058
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* Excluded Features
List By
Mark E Miller

Listing Agent

Century 21 Carolyn Riley Rl. Est. Srvcs, Inc.

Broker

mark@mmgnow.com

Email

Affordability Calculator

$4,620
Per Month
79%
21%
0%
Monthly Principal & Interest
$3,641
Monthly Property Taxes
$979
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457612 Elementary School
4457721 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/30/2024$608,000 -6.46% Price Down
6/15/2024$650,000 Listed Price

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5058 Broadway Avenue, Cleveland, OH, 44127 is a Commercial Property for sale at $608,000 with a lot size of 0.2443. 5058 Broadway Avenue is a studio with 0.0 baths and was built in 1963. The property's zip code is 44127 which is in Cleveland, OH

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