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2448 W 14th St

4 Unit Apartment Building $525,000 ($131,250/Unit) Cleveland, OH 44113

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Investment Highlights

Blank canvas redevelopment opportunity located in Tremont.
Located directly across the street from historic Lincoln Park.
Quick access to major interstates and Downtown Cleveland.

Potential multifamily, retail, or office conversion.
Close proximity to new and current redevelopment of residential multifamily and commercial properties.
Walking distance to the heart of the Tremont neighborhood filled with retail stores, restaurants, and outdoor space.

Executive Summary

Unique 3,536 square foot blank canvas redevelopment opportunity located in Tremont. Building has potential for multifamily, retail, or office conversion. Property outfitted with a 1,680 square foot freestanding garage/workshop space as well. Offering totals 5,216 square feet on .21 acres directly across the street from historic Lincoln Park.

2448 W 14th - Sale Brochure

Property Facts

Price	$525,000	Apartment Style	Low Rise
Price Per Unit	$131,250	Building Class	C
Sale Type	Investment	Lot Size	0.21 AC
Sale Conditions	High Vacancy Property Redevelopment Project	Building Size	5,216 SF
No. Units	4	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1920/2022
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$525,000
Price Per Unit	$131,250
Sale Type	Investment
Sale Conditions	High Vacancy Property Redevelopment Project
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.21 AC
Building Size	5,216 SF
No. Stories	2
Year Built/Renovated	1920/2022
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	4	-	-

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2448 W 14th St, Cleveland, OH - aerial map view

Walk Score ®

Very Walkable (88)

Bike Score ®

Biker's Paradise (91)

What is a Walk Score®, Transit Score® & Bike Score®?

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Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

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Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	004-11-043	Improvements Assessment	$30,800
Land Assessment	$18,900	Total Assessment	$49,700

PROPERTY TAXES

Parcel Number

004-11-043

Land Assessment

$18,900

Improvements Assessment

$30,800

Total Assessment

$49,700

zoning

Zoning Code	MF-2 (Multi-family residence - low density zoning allows for multifamily use with a maximum density of up to 23 units per acre.)
MF-2 (Multi-family residence - low density zoning allows for multifamily use with a maximum density of up to 23 units per acre.)

Listing ID: 34020351
Date on Market: 11/27/2024
Last Updated:
Address: 2448 W 14th St, Cleveland, OH 44113

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2448 W 14th St, Cleveland, OH for sale Building Photo- Image 1 of 9 — Building Photo

2448 W 14th St, Cleveland, OH for sale Building Photo- Image 2 of 9 — Building Photo

2448 W 14th St, Cleveland, OH for sale Interior Photo- Image 3 of 9 — Interior Photo

2448 W 14th St, Cleveland, OH for sale Interior Photo- Image 4 of 9 — Interior Photo

2448 W 14th St, Cleveland, OH for sale Interior Photo- Image 5 of 9 — Interior Photo

2448 W 14th St, Cleveland, OH for sale Interior Photo- Image 6 of 9 — Interior Photo

2448 W 14th St, Cleveland, OH for sale Building Photo- Image 7 of 9 — Building Photo

2448 W 14th St, Cleveland, OH for sale Aerial- Image 8 of 9 — Aerial

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