884 Parkwood DR Active Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44108
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Douglas Park
MLS Listing ID 5072391
Construction Status Fixer
HOA Y/N No
Year Built 1910
Annual Tax Amount $2,021
Tax Year 2023
Lot Size 0.750 Acres
Acres 0.75
Property Description
Attention all Contractors, Investors, amazing opportunity to renovate Multi-Family 13 Unit Apartment Building, being sold as part of a site-assembly total of 5 parcels. All-brick, 1910 build, three 2-story buildings that connect from the exterior facade. Proposed plans consist of 3 styles of One Bedroom; Two Bedroom & Three Bedroom apartments all separately metered. Featuring high ceilings; four season rooms; abundance of natural light and charming decorative fireplaces with desirable layouts for future renters. Surrounded by new build construction in an ever vast growing Glenville neighborhood of Cleveland! Nearby all major hospitals; easy highway accessibility; situated within a school zone. Majority of the demo has already been completed, offering the next owner a chance to finish existing plans in place or option to make their own personal customizations. Common basement with storage lockers; laundry room and possibility to create an additional garden style apartment. The L-shape site assembly includes four V/L parcels zoned MF & Residential that could be used for onsite parking or future development. Site plan; architectural drawings & environmentals have been completed~value savings for future buyers! Conveniently located within a 1 mile radius from UH Rainbow Babies & Children Hospital, Veteran Hospital; Rockefeller Park, Cleveland Museum of Art & Natural History Museum and Cleveland Botanical Gardens. This is a fantastic opportunity to purchase a Value Add play in a Class C Neighborhood with a huge upside for a bargain price!
Location
State OH
County Cuyahoga
Rooms
Basement Common Basement,Full,Storage Space,Unfinished
Interior
Heating Gas,Hot Water,Steam
Cooling None
Fireplace No
Exterior
Garage On Site
Water Access Desc Public
Roof Type Composition,Flat
Present Use Multi-Family,Residential,See Remarks,Vacant
Building
Entry Level Two
Foundation Basement
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Fixer
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 108-27-023
Acceptable Financing Cash,Conventional,Contract,Other
Listing Terms Cash,Conventional,Contract,Other