1961 Coltman RoadCleveland, OH 44106

1961 Coltman RoadCleveland, OH 44106

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$250,000 Pending
Multi Unit - Multiple MLS 5183175 Pending
6 beds 4 full baths 1 partial baths
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Listed By

Agency Name: Keller Williams Living
Agency Contact: TeraSomogyi@gmail.com, 561-901-9331

Shown By

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

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Property Description

Unlock incredible potential with this multi-family property situated in the highly sought-after Little Italy district. Perfectly positioned for investors, this property is just moments away from the prestigious Case Western Reserve University, University Hospitals, and the world-renowned Cleveland Clinic. This 4-unit value-add property is a diamond in the rough, perfectly positioned for the savvy investor. Tenants will flock to the charm of Murray Hill's cobblestone streets, legendary eateries like Presti's, and easy RTA access. This property is a blank canvas ready for renovation to capture elite market rents. With a constant demand from med students, residents, and professionals, this is a rare chance to build equity and secure high-performing cash flow in a low-vacancy corridor. Property sold as-is. Don't miss your chance to own a piece of Cleveland's most storied neighborhood!

1961 Coltman Road | MLS# 5183175

This multi-family property located at 1961 Coltman Road, Cleveland, OH 44106 is currently listed for sale with an asking price of $250,000. Coltman Road 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: Unfinished
Cooling: Central Air, None
Days on Market: 6
Garage: 1
Heating: Forced Air, Gas
Lot Size: 0.09 Acres
Roof Type: Flat, Shingle
Stories: 2.0
Taxes: $8,533 / year
Year Built: 1900

Feature Descriptions

Appliances: Range
Exterior: Brick, Shingle Siding, Wood Siding
Parcel#: 120-30-050
Parking: Driveway, Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 1961 Coltman Road, Cleveland, OH 44106
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

$ 2,003.75 per month $1,219.75 Principal & Interest $711.08 Property Tax $72.92 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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