Remarks

Welcome to 11809 Union Ave in Cleveland OH. This is a 6 unit building (4 renovated apartments and 2 storefronts). Each apartment has been renovated within the last two years and have been fully occupied with tenants paying between $750 and $850 per month. The roof was refinished in 2022. Each unit has its own hot water tank and furnace; new as well. The two store fronts have been gutted and are under renovation, therefore prospective buyers can view these areas during a showing / walkthrough. This is a strong cash flowing asset with upside when considering current market rents and the underutilized storefronts. The location is also in a neighborhood ripe with opportunity. The owner will consider all offers, but it is important to note that given this is a commercial property, prospective buyers seeking to use leverage would need to acquire a commercial loan vs residential.  Seller will prioritize cash buyers and those with the capability to close fast. Set up a showing today!

Details

MLS#: 5081729
Price: $250,000

Style: Mixed Use
Sq Ft: 0
Year Built: 1920

County: Cuyahoga
Subdivision: Union-rice Sub
Tax Fee: 1451

School District: Cleveland Municipal - 1809