Remarks

Incredible opportunity in a great location in Cleveland! This large brick building has over 5,900 sqft in total! The property offers 2 retail storefronts and 6 apartments! One of the storefronts is vacant and the other is renting for $300 per month and has been rented out for 10 years! The vacant storefront is perfect for retail space such as a vape shop or cell phone business! There are a total of 6 apartments! 3 apartments are 2 bedrooms and 1 full bathroom, and the other 3 units are 1 bedroom and 1 full bathroom! Two of the 2-bedroom units are currently occupied: one with a cash tenant renting for $725 per month and the other renting for $650 per month. The 3rd 2-bedroom unit is currently vacant with an approved tenant awaiting final rental determination. All 3 of the 1-bedroom units are occupied renting for $650 per month! The electrical has been updated, completely rewired with a hardwired smoke detector and CO detector! There are new breaker panels in all units. The windows have been updated as well! There are separate furnaces, electrical panels and hot water tanks for each unit! There is also rear parking. Laundry hookups are on site, but laundry is not currently being provided. With easy highway access, this is near food, shopping and public transit! Don't miss out on this amazing opportunity to build your investment portfolio!

Details

MLS#: 5049417
Price: $314,900

Style: Mixed Use
Sq Ft: 0
Year Built: 1916

County: Cuyahoga
Subdivision: Rice Homes
Tax Fee: 2482

School District: Cleveland Municipal - 1809