3216 Riverside AvenueCleveland, OH 44109

3216 Riverside AvenueCleveland, OH 44109

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$142,990 Active
Multi Unit - Multiple MLS 5189278
5 beds 2 full baths 2,368 sqft
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Listed By

Agency Name: Source One Realty LLC
Agency Contact: 216-242-1400, david@sourceonerealty.com

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

SOLID Duplex with light value add potential. Perfect for a BRRRR investor looking for a clean, straight forward project. Each unit has the ability to achieve rents in the $1,100 - $1,300 range with minor updates and improvements. The property offers a strong layout, and does not require a heavy rehab, making it an ideal play for investors who want to renovate, stabilize, and refinance quickly. Nearby renovated comps selling over 200k. Located in consistent rental area with steady demand this is a great opportunity to build equity and lock in long term cash flow without taking on a full gut project. Being sold AS IS Full service property management available! This includes expert leasing, marketing, tenant communication and maintenance services. Construction and rehab services also available, plus additional services and expertise to ensure the highest quality care of your assets!

3216 Riverside Avenue | MLS# 5189278

This multi-family property located at 3216 Riverside Avenue, Cleveland, OH 44109 is currently listed for sale with an asking price of $142,990. Riverside Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 2291armstrongroad.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: None
Days on Market: 42
Garage: 2
Heating: Forced Air
Lot Size: 0.15 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $2,158 / year
Year Built: 1894

Feature Descriptions

Exterior: Aluminum Siding
Parcel#: 015-19-056
Parking: Driveway
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3216 Riverside Avenue, Cleveland, OH 44109
Fips
Fips Code 39035
Population
2020 to 2025 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2025 Estimate (V2025) 1,232,925
2020 Estimate (V2025) 1,264,775
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.1%
18 to 64 54.2%
65 and Older 20.5%
Gender
Male 48.0%
Female 52.0%
Place of Birth
Foreign 7.7%
US 92.3%
Education
High School Graduate, Age 25+ 91.5%
Bachelor's Degree or Higher, Age 25+ 36.5%
Computer and Internet use
Households with a computer 94.0%
Households with a broadband Internet subscription 89.5%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 54,264
Income
Per Capita Income $42,747
Median Household Income $64,468
People in Poverty 14.9%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 554,551
Average Household Size 2.20
Owner-Occupied 59.4%
Multi-Family 34.9%
Owner-Occupied Median Value $195,400
Median selected monthly owner costs -with a mortgage $1,570
Median selected monthly owner costs -without a mortgage $671
Median gross rent $1,060
Building Permits
New Private Housing Issued 2024 1,685
Years at Residence
1 Year or More 86.7%
Less Than 1 Year 13.3%
Business and Employment
Private non-farm Establishments 31,496
Private non-farm Employment 681,543
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 110,977
Number of Firms 23,160
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 948.34 per month $726.80 Principal & Interest $179.83 Property Tax $41.71 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage
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