Property Description

A remarkable opportunity awaits in this four-unit building at 15951 Whitcomb Road is an amazing find to start or grow an investment portfolio in this high-demand area. Each apartment is impressively large, offering the kind of spacious layout that tenants love but rarely find. With three units currently occupied and one vacant unit, you can start seeing a return on your investment from day one. The current rents are steady, but they are below market. The opportunity to increase rents to the current rental market is there. Location is desirable, and this property puts you right in the heart of what makes Cleveland great. You are just a short drive from the world-class Cleveland Clinic, Case Western Reserve University, and the energy of Downtown Cleveland. For those who love the outdoors, the beautiful beaches of Lake Erie and the scenic trails of the Cleveland Metroparks are close by. Plus, the convenience of Sheliga True Value hardware store right next door.

15951 Whitcomb Road | MLS# 5183108

This multi-family property located at 15951 Whitcomb Road, Cleveland, OH 44110 is currently listed for sale with an asking price of $170,000. Whitcomb Road 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: Unfinished

Basement: Yes

Cooling: None

Days on Market: 48

Garage: 1

Heating: Gravity

Lot Size: 0.10 Acres

Roof Type: Flat

Stories: 2.0

Taxes: $2,296 / year

Year Built: 1925

Feature Descriptions

Exterior: Brick

Parcel#: 115-25-038

Parking: Driveway, Detached, Garage

Sewer: Public Sewer

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 15951 Whitcomb Road, Cleveland, OH 44110

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

$ 1,070.35 per month $829.43 Principal & Interest $191.33 Property Tax $49.58 Homeowner's Insurance

Change Payment Information

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15951 Whitcomb RoadCleveland, OH 44110