Cleveland OH Commercial for Sale

ADDITIONAL INFORMATION

Great opportunity for three buildings on two lots. The white building to the east is currently configured as three large apartments, and one storefront that used to be a restaurant. The basement is also huge and was at one point in time bar. The front building to the right is condemned but has a solid brick structure that with the right contractor can be restored. It also has two apartments on the second floor, but would need extensive work throughout. The rear building on the west is a brick duplex of which we have no knowledge of the condition. This whole property is a diamond in the rough with seven total apartment units and two storefronts awaiting your redevelopment skills! SHOWINGS REQUIRE ENTERING AT YOUR OWN RISK! MUST SEND THE RELEASE & WAIVER FOUND IN SUPPLEMENTS TO LISTING AGENT BEFORE SHOWING.

ADDITIONAL INFORMATION

This impressive 11-unit all brick two story building boasts a steady 90% or better occupancy rate; currently, we are fully occupied. All units have their furnace (in-unit), and a/c units are on the roof. The exception is #10, which has a furnace in the laundry room, two hot water heaters in the laundry supply of the building, and onsite laundry for eight two-bedroom and three one-bedroom apartments. A new roof was installed in 2013, and all new windows, except for two units, were installed in 2016. This property is 100% pet and smoke-free. Nestled at the top of Murray Hill near the charming Little Italy neighborhood, this well-maintained two-story, all-brick building with no basement is a solid investment. The spacious lot includes a detached all-brick carport with space for approximately 30 vehicles and ample street parking. While the apartments could benefit from some cosmetic updates, doing so can increase rental rates and a higher return on investment, making it a promising opportunity to enhance the property's value.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Discover this remarkable 8-unit brick apartment building located in the heart of Coventry Village, within the highly sought-after Cleveland Heights neighborhood. Enjoy seamless access to major healthcare centers like Cleveland Clinic Main Campus (8-minute drive) and University Hospital Main Campus (6-minute drive) as well as educational institutions like Case Western Reserve (4-minute drive), Notre Dame College (11-minute drive), and John Carroll University (12-minute drive). In addition, this 8-unit property is situated just steps away from live music venues, vibrant bars, delectable restaurants, and eclectic shopping destinations. This ideal, prime location makes it very desirable for tenants of all backgrounds from medical students, doctors, college students and those interested in great nightlife. This fully occupied property is currently generating an impressive $10,085 per month, with a proforma potential of $13,000 per month. Each unit has separate electric meters, with tenants responsible for their own electric bills and the boiler & water/sewer being the responsibility of the owner. All units boast beautiful natural hardwood floors throughout, adding charm and appeal, and large windows flood the spaces with natural light, creating a bright and inviting atmosphere. The property includes six covered garage spots, providing convenient and secure parking for tenants. Some units have undergone updates, including refinished hardwood floors, modern paint, and upgraded bathrooms and kitchens. With additional simple cosmetic upgrades, you can easily reach the proforma rent of $13,000 per month. Take advantage of this rare investment opportunity in one of Cleveland Heights' most desirable areas!

ADDITIONAL INFORMATION

Introducing a 7-unit brick building investment opportunity nestled in the coveted heart of Coventry in Cleveland Heights – a rare gem in an ideal, prime location. Boasting proximity to educational institutions like Case Western Reserve (4-minute drive) and Notre Dame College (11-minute drive), and John Carroll University (12-minute drive), as well as quick access to major healthcare centers – a mere 8-minute drive to Cleveland Clinic Main Campus and 6-minute drive to University Hospital Main Campus. Not to mention, the property is situated just steps away from live music venues, vibrant bars, delectable restaurants, and eclectic shopping destinations. This 7-unit is strategically positioned for success no matter which way you look! Fully occupied, this property currently generates $9,990 per month, with a proforma potential of $11,050 per month. The extremely large units feature beautiful hardwood floors throughout, spacious kitchens with peninsula islands, and the convenience of in-suite laundry—an amenity highly sought after by tenants. Some units have already been updated with refinished hardwood floors, modern paint, and upgraded bathrooms and kitchens. To achieve the proforma numbers, all a new owner needs to do are some cosmetic upgrades to one unit and raise the rents on lease renewals for the remaining units. Each unit has separate electric meters, with tenants responsible for their own electric bills, while the boiler and water/sewer is paid by the owner. Additionally, the property includes five garage spaces, providing secure and convenient parking for tenants. Take advantage of this opportunity to invest in one of Cleveland's most dynamic neighborhoods, with immediate income and additional upside potential!

ADDITIONAL INFORMATION

great investment potential*motivated seller*this opportunity consists of two first floor stores, one of which is rented, and 6-8 apartment units that need rehab*plenty of cash flow potential for the right purchaser*building is 12,532 square feet*

ADDITIONAL INFORMATION

Unique opportunity to acquire a commercial lot zoned for apartment development in the ever expanding University Circle area of Cleveland. New construction throughout the block on Orville Avenue off East 105th. Nestled between 10729 Orville and 10801 Orville