2822 Saratoga Avenue

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2822 Saratoga Avenue

Cleveland, OH 44109
Asking Price
$200K
Asset Type
Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily property available for sale at 2822 Saratoga Avenue
  • Asset offered at a total purchase price of $200,000
  • Located within the established Cleveland residential market in Ohio
  • Suitable for investors targeting income-generating residential rental assets
  • Property sits in a region with diverse economic industrial sectors

What's Special

Priced at $200,000, this multifamily asset is positioned at 2822 Saratoga Avenue in Cleveland, Ohio. The property sits within a well-established residential submarket of the city, which serves as a central hub for the broader regional economy. Cleveland remains a significant industrial and healthcare center in the Great Lakes region, characterized by a diverse labor market and consistent demand for rental housing. Investors and business owners often target these residential assets for their potential to provide stable cash flow within a mature urban environment. The site is strategically placed to serve the local population, benefiting from the connectivity of the surrounding street network and proximity to major thoroughfares in the metro area. Whether as a value-add project or an income-producing holding, this multifamily building provides a tangible entry point into the Cleveland market for those looking to expand their residential holdings.

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NOI
$80,000
Cap Rate
40.00%
DSCR
6.74
Strong
Cash-on-Cash
113.54%
Monthly Payment
$989.491
Annual Cash Flow
$68,126.109

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