Renovated Building with Fully Leased Storefronts and Apartments

USD $434,000
11204 Lorain Avenue, Cleveland, Ohio, 44111, USA

Property Highlights

  • Two storefronts with long-term tenants
  • Two fully renovated apartments
  • New roof and tune-up completed
  • Newer windows and updated plumbing
  • Updated electrical and bathroom fixtures
  • Gutter filter system installed

Overview

Excellent investment opportunity! Nearly full occupied (one unit intentionally kept vacant for showing purposes). Building has two storefront that are fully occupied with long-term tenants and two apartment both with two bedrooms and 1 bathroom. Many updates to the building has been completed including new roof and tune up, newer windows, electrical, plumbing, gutter filter system installed, HWTs replaced, bathroom updates, newer doors & locks, air vent plumbing, paint, and much more. Both apartments recently fully renovated. Current gross monthly rent $2,910 / month; that is with one vacancy. Fully occupied, gross rent will exceed $4,000 / month.
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Property Features

11204 Lorain Avenue, Cleveland, Ohio, 44111, USA offers the following features:

Property Type: Residential
Status: Active
Reference ID: 5112403

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