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Image 1 - 3233 W 56th St, Cleveland, Ohio, 44102 - House for sale

Image 2 - 3233 W 56th St, Cleveland, Ohio, 44102 - House for sale

Image 3 - 3233 W 56th St, Cleveland, Ohio, 44102 - House for sale

Image 4 - 3233 W 56th St, Cleveland, Ohio, 44102 - House for sale

Image 5 - 3233 W 56th St, Cleveland, Ohio, 44102 - House for sale

Image 6 - 3233 W 56th St, Cleveland, Ohio, 44102 - House for sale

Image 7 - 3233 W 56th St, Cleveland, Ohio, 44102 - House for sale

W Th St, Cleveland, Home For Sale

3233 W 56th St, Cleveland, Ohio, 44102

W Th St, Cleveland, Home For Sale

house for sale

Listed: 07/19/24

3233 W 56th St, Cleveland, Ohio, 44102

6 Bed:

4 Bath:

2,968 Sq Ft Living Area:

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Price

$ 159,900

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About This House

Calling all investors and flippers! This four-unit property on Cleveland's coveted West Side presents an extremely rare value-add opportunity with a projected gross annual rent of over$42, 000per year! The building is completely vacant due to a recent fire affecting primarily the upstairs unit, while the other three units sustained minimal damage. The fire-damaged unit will need a full renovation, but the other three units require only minor updates to become rent-ready for strong tenants. The property has two 2-bedroom 1-bath units, one 1-bedroom 1-bath unit, and one studio apartment. The property has updated electrical, good furnaces and newer and separate water heaters! Don't miss this chance to capitalize on a true value-add investment in a prime Cleveland location!

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Stockyards Housing & Living

Household Income

Median household income: $29,953

Number of households: 173,025

The average household income in Cleveland, OH grew from $28,974 to $29,953 in the past year. This data is an estimate based upon 173,025 households in Cleveland, OH.
The chart below presents how household income is distributed in Cleveland, OH in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Cleveland, OH compared to median property taxes around the country. The prevalent amount of property taxes in Cleveland, OH equals $800-$1,500 , which is less than the national average.

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