2883 E 114th Street, Cleveland, OH, 44104

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$2,250,000
10 Days On Site

2883 E 114th Street
Cleveland, OH 44104

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
40,580
SqFt
$55
/SqFt
1926
Built
Subdivision:
Harvey Rice Jr S Sub
County:
Cuyahoga

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2883 E 114th Street2883 E 114th Street2883 E 114th Street2883 E 114th Street
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Extremely rare opportunity to acquire a fully cash-flowing, stabilized 39-unit portfolio across 13 properties in the Cleveland market. Located in strong submarkets known for steady demand and appreciation. Currently ~90% occupied, with four units in lease-up to subsidized tenants—expected to be fully leased by closing. Includes 26 Section 8 tenants providing reliable, government-backed income. All gas/electric paid by tenants; owner covers only water/sewer. Professional management in place for seamless transition. Once fully occupied, projected 10%+ CAP, with upside to 13%+ CAP / 20%+ cash-on-cash through rent alignment. Turnkey Cleveland portfolio delivering immediate income and long-term growth.

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Listing Snapshot
Price 
$2,250,000
Days On Site 
10 Days
Bedrooms 
N/A
Inside Area (SqFt) 
40,580 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.55 Acres
Year Built 
1926
MLS® Number 
5165403
Status 
Active
Property Tax 
$22,640
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a week agoListing first seen on site
a week agoListing updated with changes from the MLS®
General Features
Acres 
1.55
Additional Property Use 
Multi-FamilyResidentialSingle Family
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
40580
Water Source 
Public
Interior Features
Heating 
Forced Air
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Community Features
Financing Terms Available 
CashConventional
School District 
Cleveland Municipal - 1809
Township 
Cleveland
Schools
School District
Cleveland Municipal - 1809
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Tal Tamir of Russell Real Estate Services



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Neighborhood & Commute
Source: Walkscore
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