Scranton Road

5 Bedroom Real Estate at 2322 Scranton Road has been sold for $XXX,XXX. Click here to view details, map, and photos.

2322 Scranton Road, Sold in Cleveland - Zoocasa

Excellent investment opportunity in Tremont, surrounded by new developments and close to Cleveland’s nightlife and attractions. This four-unit property is prepped for a luxury rehab, with the potential to convert the large walk-up attic into a fifth unit. The interior has been demoed, framed, drywalled, and includes four new HVAC systems, hot water tanks, and rough-ins for electrical. A new roof was installed in 2022. The upper units offer downtown skyline views, and the driveway can be accessed via a rear alley. High potential for a profitable rehab project. Property to be sold as is.

Tremont rehab opportunity in the heart of new development. Amazing location near all of the nightlife that Cleveland has to offer. Large scale developments all around this property. Property is zoned 4-6 units. Currently configured as a four suiter. Large walk up attic can possibly be converted into 5th unit. May also be a possibility for 6th unit in the basement. Listed square footage excludes the large walk up third floor. Upper units have downtown skyline views. Enormous potential to complete a large scale luxury rehab with the existing structure or possibly build six condominiums. Yard and driveway are accessible through a rear alley. Potential to get a 15 year tax abatement on the value of the rehab. Property is in poor condition and currently condemned by the City of Cleveland. All necessary permits will be required as part of the construction. Brand new roof in 2022 including extensive wood replacement. Great development opportunity.

2322 Scranton Road, Cleveland, OH

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