11232 Continental AvenueCleveland, OH 44104

11232 Continental AvenueCleveland, OH 44104

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$91,900 Active
Multi Unit - Multiple MLS 5163054
4 beds 3 full baths 1,728 sqft

Listed By

Agency Name: Keller Williams Living
Agency Contact: Journey@journeyhomegroup.net, 440-935-9793

Shown By

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

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Property Description

Fantastic investment opportunity in the heart of the appreciating 44104 zip code! This duplex presents a prime value-add play for any investor's portfolio. Each unit features a desirable 2-bedroom, 1-bathroom layout with a functional floor plan. The property requires some TLC and renovations to be rent-ready, but with solid bones and a clear path to improvement, it's the perfect canvas for a savvy buyer looking to capitalize on a property with immense potential. With minimal updates, this duplex is poised to generate significant cash flow. Location is key, and this property is strategically situated just minutes from major employers like the Cleveland Clinic, University Hospitals, and the bustling University Circle area, ensuring a strong and consistent tenant pool. This area also offers a significant opportunity for Section 8 tenants, with local payment standards for a 2-bedroom unit at $1,128, promising reliable and competitive rental income. The neighborhood is experiencing a surge of revitalization, with new construction and renovation projects contributing to rising property values. This is a unique chance to invest in an area on a clear upward trajectory, securing a valuable asset with promising future appreciation. Bring your investors and contractors to explore the incredible potential this property holds. This is an ideal opportunity for a buy-and-hold strategy in a high-demand rental market. Don't miss your chance to transform this diamond in the rough into a top-performing asset. Schedule your showing today

11232 Continental Avenue | MLS# 5163054

This multi-family property located at 11232 Continental Avenue, Cleveland, OH 44104 is currently listed for sale with an asking price of $91,900. Continental Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 762hunterstrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Days on Market: 67
Heating: Forced Air
Lot Size: 0.08 Acres
Roof Type: Other, Slate
Stories: 3.0
Taxes: $1,223 / year
Year Built: 1916

Feature Descriptions

Exterior: Frame, Other, Plaster, Wood Siding
Parcel#: 128-24-065
Parking: None
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 11232 Continental Avenue, Cleveland, OH 44104
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
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

$ 577.10 per month $448.38 Principal & Interest $101.92 Property Tax $26.80 Homeowner's Insurance

Change Payment Information

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