2661 GRAND AVENUE, CLEVELAND, OH 44104

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$329,900

bedrooms

bathrooms

square feet

Acreage

0.14

Open Houses

year built

1890

Full Baths

Half Baths

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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!

Location
Subdivision	-
County	Cuyahoga County
Elementary School	-
Middle School	-
High School	-

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MLS number: 5080255

Listing agent: Christopher Frederick

Listing broker: Coldwell Banker Schmidt Family Of Companies

Copyright © 2025 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Thursday, April 24 2025 at 10:51 p.m. EDT

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