JayMattlin
MLS#5185554
STATUSActive
PROPERTY TYPECommercial - Retail
SUBDIVISIONTaylor Park Land Companys Forest
SCHOOLCleveland Hts-Univer - 1810
Property Description
Incredible investment opportunity in desirable Cleveland Heights! CAP RATE 14% - WOW! Well maintained 11 unit brick mixed use building raking in income. 5 commercial units and 6 residential made up of 3 - 1 bedroom units and 3 - 2 bedroom units. 100% occupied! Great opportunity for investors to add to their portfolio, or first time investors to take advantage of the lucrative cash flow. Current gross rent is at $8,925 per month, ($107,100 annually)! Located in a desirable and growing area with easy access to public transportation and major highways. The neighborhood offers a variety of dining, shopping, and entertainment options, making it an attractive location for tenants. Recently appraised at $630,000, providing $80,000 in equity from day 1! Overall, this is an excellent investment opportunity with great potential for income and appreciation. Don't miss your chance to own this fantastic property in a desirable location! Priced to sell! Hurry this will not last long! Contact agent for income/expenses.
Property Features
Property Type: Commercial - Retail
Basement: Full
Basement: Yes
Heating: Forced Air
Lot Size: 0.36 Acres
Roof Type: Flat
Taxes: $17,283 / year
Year Built: 1915
Feature Descriptions
Days on Site: 12
Parcel#: 681-08-027
Sewer: Public Sewer
Units: 11
Water: Public
Local Schools
School District: Cleveland Hts-Univer - 1810
Listed By / Shown By
Listed By
Agency Name: RE/MAX Above & Beyond
Agency Contact: adamesarmani.aa@gmail.com, 216-370-8550
Shown By
Agent Name: Jay Mattlin
Agent Phone: Cell: (740) 974-4190
Agency Title: Key Realty
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2201 N Taylor Road | MLS# 5185554
This commercial property located at 2201 N Taylor Road, Cleveland Heights, OH 44112 is currently listed for sale with an asking price of $550,000. N Taylor Road is located within the Cleveland Hts-Univer - 1810 school district. Search Cleveland Heights real estate on www.brokerjay.com today.