3799 E 54th StreetCleveland, OH 44105

3799 E 54th StreetCleveland, OH 44105

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$385,000 Active
Commercial - Business MLS 5162695

Listed By

Agency Name: Home Equity Realty Group
Agency Contact: garrett.rowan@heqrealty.com, 803-992-1429

Shown By

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

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Property Description

Investment Portfolio Opportunity 4-Property Package Deal Outstanding opportunity to acquire a 4-property Cleveland investment portfolio offering a balance of immediate income, strong upside, and motivated seller terms. This package includes a mix of single-family and multi-family assets, all located in proven rental submarkets with solid Section 8 and EDEN program performance. The seller has proactively completed inspections on all four properties, providing transparency and confidence for investors. The list price already accounts for full renovation of 2221 E 76th and updates across the other three properties ? positioning the portfolio to deliver 812% cap rates at both 75% and 90% of HUD FMR rent levels. Property Highlights: 3799 E 54th St, Cleveland OH 44105 Parcel 132-10-110 | (2) 2-Bedroom Units Fully occupied at $1,350/month ? above 75% market rent. Turnkey income with limited deferred maintenance. 5806 Fleet Ave, Cleveland OH 44105 Parcel 132-12-008 | (4) Units 3BD, 2BD, 1BD + Office Mix-use building with residential and office space. Strong rental potential and value-add options through cosmetic and rent-rate improvements. 2221-2223 E 76th St, Cleveland OH 44103 Parcel 118-26-068 | (1) Single-Family 4BD + (1) Duplex (2 ?? 2BD units) 2223 E 76th last occupied end of 2024 at $1,500/month (EDEN rents). 2221 E 76th duplex requires full rehab ? included in list price assumptions. Package Summary: (4) Total Properties | (8+) Units | Mixed Residential Use Pro Forma Cap Rates 812% based on 7590% FMR rents This is a rare chance to secure a turnkey + value-add hybrid portfolio in one transaction. Perfect for investors seeking immediate returns with long-term upside in stable Cleveland rental markets.

3799 E 54th Street | MLS# 5162695

This commercial property located at 3799 E 54th Street, Cleveland, OH 44105 is currently listed for sale with an asking price of $385,000. E 54th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 15ontariotrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Days on Market: 4
Heating: Forced Air
Lot Size: 0.41 Acres
Taxes: $5,665 / year
Year Built: 1910

Feature Descriptions

Parcel#: 132-10-110
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3799 E 54th Street, Cleveland, OH 44105
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