OH > Cleveland > Beachland Allotment
Cleveland, OH 44119,608 E 185th ST
Cleveland, OH 44119,608 E 185th ST
Cleveland, OH 44119,608 E 185th ST
Cleveland, OH 44119,608 E 185th ST
Cleveland, OH 44119,608 E 185th ST
Cleveland, OH 44119,608 E 185th ST
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Shawana Hanson

Shawana Hanson

+1(216) 971-3161
$ 299,900
Est. payment | /mo

7,139 Sqft Lot

Save
$ 299,900
Est. payment | /mo
Save

7,139 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Beachland Allotment

MLS Listing ID 5141714

HOA Y/N No

Year Built 1927

Annual Tax Amount $5,454

Tax Year 2024

Lot Size 7,139 Sqft

Acres 0.1639

Property Sub-Type Apartment

Property Description

Incredible opportunity to acquire a fully occupied mixed-use property on East 185th Street in Cleveland, Ohio, just outside of Euclid. This cash-flowing asset features four commercial storefronts and a duplex on the same lot, with all units currently leased. The commercial spaces are slightly under market rent, each averaging $750/month, offering immediate upside on renewals. The duplex consists of two one-bedroom, one-bath units—one leased at $625/month through 11/30/2025, and the other at $575/month through 7/31/2026. A brand-new roof is being installed on the commercial building, reducing future capital expenditures for the new owner. Based on current financials, the property is operating at an 8%+ cap rate, with a clear path to double-digit returns through modest rent increases. This is a rare, low-maintenance, income-producing asset in a high-visibility location ideal for any investor seeking strong in-place cash flow with value-add potential.

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Forced Air, Gas

Cooling None

Fireplace No

Exterior

Water Access Desc Public

Present Use Mixed Use

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 114-11-028

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687
Shawana Hanson

"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."

+1(216) 971-3161

info@luxehauscle.com

1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States

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