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2661 Grand Avenue, 
Cleveland, OH 44104

$329,900


9

Beds


6

Baths


-

Sq Ft


Multi-Family

Active

440-327-2123

Last updated:

April 26, 2025, 02:13 PM

MLS#

5080255

Source:

OH NORMLS

Company Logo

About This Home

2661 Grand Avenue

Investment Opportunity in Cleveland's New "Opportunity Corridor" - $330M Redevelopment! Seize this ground-floor investment in Cleveland's newly emerging "Opportunity Corridor" with a fully updated/lead-certified, mixed-use turnkey project. Featuring two well-cared-for, remodeled buildings that reflect beautiful workmanship and pride of ownership, this property offers immense potential. Building #1 includes vacant retail/storefront/office/warehouse space (the current owner is interested in leasing), along with three remodeled apartments. Two 1-bedroom units are rented for $700/month each, and one spacious 3-bedroom unit, just remodeled, is ready to rent for $1,250-$1,400/month (perfect for Section 8). There's room to increase rents, and this building also boasts a full basement, 5 bedrooms, 2 full/2 half baths, and ample parking. Building #2 is a beautiful 4-bedroom, 1.5-bath home, nicely remodeled/currently rented through Section 8 for $1,250/month, with an approved increase to $1,425. With ample parking, potential for billboard advertising, and turnkey professional management available, this is your chance to get in on Cleveland's fast-developing area before prices rise. Out-of-state investors are encouraged to research Cleveland's Opportunity Corridor project and see the potential this prime investment offers!

Home Facts

Multi-Family

6 Baths

9 Bedrooms

Built in 1890

Price Summary

329,900

MLS #:

5080255

Last Updated:

April 26, 2025, 02:13 PM

Added:

6 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

9

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

4


Structure

Structure

Year Built:

1890


Lot

Lot Size (Sq. Ft):

6,250


Finances & Disclosures

Finances

Price:

$329,900

MLS Logo
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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.