Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1910
Sq.Footage
2,820
Income-producing Mixed-Use Investment opportunity at 5007 Clark ave in Cleveland OH 44102. Excellent opportunity to own a recently remodeled mixed -use property featuring two commercial store fronts and two residential apartments, providing multiple income streams from a single investment. The commercial spaces include a barbershop and clothing and jewelry store, while the two residential units offer additional rental income. The property has been thoughtfully updated and features newer finishes, stainless steel appliances, updated kitchens and modernized living spaces. All mechanicals and the roof are brand new! The combination of commercial and residential tenants creates an attractive setup for an investor looking for immediate income and long-term potential. The property currently generates $3,645 per month in rental income and $43,470 annually making this a strong opportunity for an investor seeking a diversified income producing asset. Located on Clark Avenue in Cleveland's Stockyards area the property offers convenient access to surroundings neighborhoods, major roadways, shopping, employment centers and downtown Cleveland. A unique opportunity to acquire a renovated mixed0-use property with commercial and residental income in Cleveland. Don't miss out on this opportunity!
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Off Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1148
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$319,900
-
Tax Amount
$3,471.66
-
Zoning
Retail
-
Sq. Footage
2,820
-
Price/SqFt
$113
HOA
-
Association
No
School District
-
Elementary School
Cleveland Municipal - 1809
-
Middle School
Cleveland Municipal - 1809
-
High School
Cleveland Municipal - 1809
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Cleveland Municipal - 1809
Middle School
Cleveland Municipal - 1809
High School
Cleveland Municipal - 1809
Listing Courtesy of Daniel B Cull IV , Progressive Urban Real Estate Co
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AGENT
Jeff Helfrich
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