9616 Lamontier AvenueCleveland, OH 44104

9616 Lamontier AvenueCleveland, OH 44104

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$115,000 Active
Multi Unit - Multiple MLS 5177038
4 beds 2 full baths 2,641 sqft
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Listed By

Agency Name: Keller Williams Living
Agency Contact: Erinthomas@kwcommercial.com, 440-670-2300

Shown By

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

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Property Description

* No seller financing* This recently renovated duplex offers strong in-place income with immediate upside. This property has been updated with new furnaces, new roof, new windows, updated flooring, fresh paint, modern kitchens, and renovated bathrooms. The home is also Lead Certified! The lower two-bedroom unit is occupied by a EDAN tenant whose has been there 3 years at $800/month, currently month to month lease. The upper two-bedroom unit is vacant and rent-ready. Market rent supports at least $950/month, with higher potential through Section 8 placement. Comps support a full ARV up for $165,000. Conveniently located near University Circle, offering easy access to shops, restaurants, colleges, museums, and major employers, including close proximity to the Cleveland Clinic?making this an attractive option for traveling nurses, healthcare professionals, and college students. A true turnkey duplex with stable income today and clear opportunity to increase cash flow with minimal effort.

9616 Lamontier Avenue | MLS# 5177038

This multi-family property located at 9616 Lamontier Avenue, Cleveland, OH 44104 is currently listed for sale with an asking price of $115,000. Lamontier 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: Full, Unfinished
Basement: Yes
Cooling: None
Days on Market: 38
Heating: Forced Air
Lot Size: 0.12 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $1,105 / year
Year Built: 1920

Feature Descriptions

Exterior: Vinyl Siding
Laundry: In Basement
Lot: Back Yard
Parcel#: 128-12-046
Parking: Driveway
Sewer: Public Sewer
Water: Public
Window: Double Pane Windows

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 9616 Lamontier 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

$ 686.71 per month $561.09 Principal & Interest $92.08 Property Tax $33.54 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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