Property Description

Great investment opportunity! This two-family home offers strong income potential with estimated rents of approximately $900 per unit. Each unit features fresh interior paint, new kitchen cabinets and updated flooring throughout. The property also has a finished third floor, providing additional living space that can be used as an extra bedroom, office, or flex area adding even more rental appeal and versatility. Major improvements include a brand-new roof and new windows throughout, giving peace of mind and helping to reduce future maintenance costs. Whether you're looking to expand your portfolio or start investing, this property will offer solid returns and updated features that make it move-in ready for tenants. Don't miss this opportunity! Property has been lead certified. Conveniently located near schools, parks and shopping.

12516 Griffing Avenue | MLS# 5187528

This multi-family property located at 12516 Griffing Avenue, Cleveland, OH 44120 is currently listed for sale with an asking price of $124,900. Griffing Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Full, Unfinished

Cooling: None

Days on Market: 7

Heating: Forced Air

Lot Size: 0.11 Acres

Roof Type: Asphalt

Stories: 2.0

Taxes: $1,030 / year

Year Built: 1920

Feature Descriptions

Exterior: Aluminum Siding

Parcel#: 129-24-061

Parking: Driveway

Sewer: Public Sewer

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 12516 Griffing Avenue, Cleveland, OH 44120

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

$ 731.65 per month $609.39 Principal & Interest $85.83 Property Tax $36.43 Homeowner's Insurance

Change Payment Information

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12516 Griffing AvenueCleveland, OH 44120