3900 W 23rd StreetCleveland, OH 44109

3900 W 23rd StreetCleveland, OH 44109

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$475,000 Active
Commercial - Business MLS 5194620 New to the Market
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Listed By

Agency Name: Keller Williams Elevate
Agency Contact: AntonioB@KW.com, 440-223-0575

Shown By

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

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Property Description

Welcome to 3900 W 23rd Street, a five unit building with over 6,000+ SF of living space. All Five 2 bedroom 1 full bathroom units have been remodeled/renovated. Separately metered for gas and electric with new electric panels and wiring, high efficiency furnaces and hot water tanks. Additionally units have vinyl LVP, interior paint, vinyl windows, kitchen cabinets and countertops, sinks, refrigerators, electric ranges, bathroom vanities, toilets, and tub surrounds. All five units are configured with a main floor that includes the living area and kitchen, second floor with two bedrooms and full bathroom, and an unfinished walk out basement. Prime Location - rapidly developing area, this building benefits from proximity to major employers, including the steel mills, MetroHealth Hospital, and downtown Cleveland. Enjoy easy access to highways and public transportation. Opportunity for a new owner to accept Voucher based Section 8 Subsidy in an effort to significantly increase the rents OR continue operating as a market rent property. Ideal stable investment with additional value add opportunity! Neighboring parcel included!

3900 W 23rd Street | MLS# 5194620

This commercial property located at 3900 W 23rd Street, Cleveland, OH 44109 is currently listed for sale with an asking price of $475,000. W 23rd Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 486royeravenuenw.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Basement: Concrete, Walk-Out Access
Basement: Yes
Cooling: None
Heating: Forced Air
Lot Size: 0.27 Acres
Taxes: $1,505 / year
Year Built: 1930

Feature Descriptions

Parcel#: 009-01-016
Parking: On Street
Sewer: Public Sewer
Units: 5
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3900 W 23rd Street, Cleveland, OH 44109
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

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