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Shawana Hanson

info@luxehauscle.com +1(216) 971-3161

$ 309,000

Est. payment | -/mo

5,000 Sqft Lot

Save

$ 309,000

Est. payment | -/mo

Save

5,000 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision James Hoyts

MLS Listing ID 5253651

HOA Y/N No

Year Built 1910

Annual Tax Amount $3,472

Tax Year 2025

Lot Size 5,000 Sqft

Acres 0.1148

Property Sub-Type Mixed Use

Property Description

This commercial quadplex is an excellent investment opportunity! This fully occupied, income-producing mixed-use property features 2 commercial storefronts & 2 residential apartments, generating $3,600/mo in gross rental income! Both storefronts are leased to the same company, operating a barbershop & retail store, for a combined $1,100/mo. With estimated market rents of $800–$900 per storefront, investors have potential to increase future income! Each residential unit offers 2 bedrooms, 1 full bathroom, a spacious living room, functional kitchen & adjoining dining area. Both apartments have stable tenants paying $1,250/mo each, providing immediate cash flow. Extensive renovations include newer windows, updated flooring, fresh paint, appliances, new washers & dryers, newer furnaces & hot water tanks, upgraded electrical panels & service, new sewer lines & a roof approximately one year old! The basement provides additional storage & potential value-add opportunities. A privacy fence separates tenants' backyard spaces, plus 4 rear parking spaces provide convenient off-street parking. With dependable occupancy, multiple income streams & major improvements already completed, this property offers a compelling blend of current cash flow & future upside. Separate residential & commercial spaces offer flexibility for long-term leasing strategies, adding to this property's investment appeal. Conveniently located on Cleveland's West Side near I-90, I-71 & I-490, MetroHealth Main Campus, public transportation, schools, shops, parks, restaurants & everyday amenities.

Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Don't miss the chance to expand your portfolio with this renovated, fully occupied mixed-use investment! Schedule your showing! No wholesalers. No Seller financing. No low ball offers.

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Forced Air

Fireplace No

Exterior

Parking Features Parking Lot

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Present Use Commercial,Multi-Family

Total Parking Spaces 4

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 016-11-048

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Michael Azzam • RE/MAX Haven Realty • mike@theazzamgroup.com, 216-446-7606

NEARBY SCHOOLS & PROPERTIES

"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

5007 Clark AVE Cleveland, OH 44102