22
See all 22 photos
$575,000
Est. payment /mo
5,318 Sqft Lot
New
9620 Fuller AVE Cleveland, OH 44104
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Abraham Fullers Allotment
MLS Listing ID 5230485
HOA Y/N No
Year Built 1910
Annual Tax Amount $8,088
Tax Year 2025
Lot Size 5,318 Sqft
Acres 0.1221
Property Sub-Type Apartment
Stories Three Or More
Story Three Or More
Property Description
Unique Cleveland eastside multifamily portfolio opportunity featuring five buildings plus an additional parcel of land, totaling 18 units with a diverse unit mix of studios, 1-bedroom, 2-bedroom, 3-bedroom, and one 5-bedroom unit. The portfolio is currently fully vacant and offers significant value-add potential through renovation, lease-up, and stabilization. Proforma projections show annual gross rental revenue of $211,800 and proforma NOI of $147,898, with area rent comps supporting strong upside across the unit mix. Projected market rents include up to $1,100 for 2-bedroom units, $1,350–$1,400 for 3-bedroom units, and $1,750 for the 5-bedroom unit. Properties require varying levels of renovation, with most major capital improvements factored into the proforma. Comparable neighborhood sales support an estimated ARV around $1.2M, creating a strong margin for repositioning. Ideal for investors looking to renovate and refinance, reposition and hold, or sell as a stabilized package. Buildings are located within close proximity to each other, helping streamline management, and are near parks, schools, restaurants, and major Cleveland employment centers. Properties may be purchased individually or as a package. Contact Erin Thomas at KW Commercial for full financials, rent comps, and tour details. Buyer to verify all information.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Present Use Multi-Family
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 127-17-001
Listed by Erin Thomas • Keller Williams Living • Erinthomas@kwcommercial.com, 440-670-2300
NEARBY SCHOOL & BUSINESS
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