7 months on rocket

8403 Detroit Ave Unit 5, Cleveland, OH, 44102

$990,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
5 Full Baths
8,421 SqFt
$118/SqFt
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

8403 Detroit Ave Unit 5, Cleveland$990,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeQuadruplex
ParkingNone
Year Built1910
HeatingForced Air, Natural Gas
CoolingWall Unit(s)
BasementYes
MLS #4493972
Lot Size0.09 Acres
StatusActive

About 8403 Detroit Ave Unit 5

Introducing an extraordinary investment opportunity! Nestled in a prime location just moments from the serene lake and mere minutes from the highway, this commercial building is poised for success. With 5 apartments currently undergoing an exquisite remodel and 3 commercial retail units already revitalized, the potential for substantial income is undeniable. But here's the exciting part – you have the chance to secure this gem before the remodeling is complete, and the seller is open to negotiation on the price. Don't miss out on the chance to own this beautiful building and start reaping the rewards of your investment..This location is in the Detroit-Shoreway neighborhood Cleveland nearby parks include EDGEWATER STATE PARK,CUDELL PARK and RECREATION CENTER.A Our new listing boasts 5 stunning apartments currently undergoing a remarkable remodel, along with 3 prime commercial properties. This magnificent building multifamily and comercial units is your ticket to a potential income when fully completed. Whether you prefer a turnkey investment or want to take charge of the final touches, this opportunity is too good to pass up. Act now and secure your future in real estate!"

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Stories: 2
  • Living Area: 8,421 SqFt

Listing Office:

  • Office Name: Plum Tree Realty, LLC
  • Office Email: support@plumtreerealty.com
  • Listing Agent: Floria J Aguilera

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: On Detroit

Price Information

Listing Price Info

Price Summary:

  • List Price: $990,000
  • Price Per SqFt: $118/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Cleveland, OH.

Map thumbnail provided by MapBox

Cleveland, OH

City

Med. Sold Price

$157.2K

Med. Price/SqFt

$95

Avg. Days On Market

45

# of Sold Homes

634

8403 Detroit Ave Unit 5 vs Cleveland

210 DAYS ON ROCKET

+165 Days

$990,000

+$832.7K More

$118/SqFt

+$23 More

KEY TAKEAWAY

This property is $832.7K more than the Median Sold Price and $23/SqFt more than other homes in Cleveland, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #4493972

Listing Office:

  • Office Name: Plum Tree Realty, LLC
  • Office Email: support@plumtreerealty.com
  • Listing Agent: Floria J Aguilera

IDXCopyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 1:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$5,009

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,035

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2294450
5
/10

  • Louisa May Alcott Elementary School

  • 10308 Baltic Rd

  • 0.75 miles

  • Public District Grades KG-5

school-card-donut-2294451
4
/10

  • Constellation Schools: Stockyard Community Elementary School

  • 3200 W 65th St

  • 1.10 miles

  • Public Charter Grades KG-6

school-card-donut-2294452
6
/10

  • Near West Intergenerational School

  • 3805 Terrett Ave

  • 1.51 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,788. The majority of Cleveland, OH residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44102›8403 Detroit Ave Unit 5

This home is located at 8403 Detroit Ave Unit 5 in Cleveland, OH and zip code 44102 in the Detroit-Shoreway neighborhood. This 8,421 square foot home, which was built in 1910, sits on a 0.09 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 30, 2023 and is currently priced at $990,000.

In March 2024 more than 217 listings in Cleveland, OH were sold above the asking price. During the same period more than 99 listings were sold at asking price, while more than 318 were sold below. The number of homes for sale in Cleveland, OH increased by 5.3% between February 2024 and March 2024. Listings spent 45 days on the market in March 2024, and had a median list price of $157,247 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More Resources