$550,000
About this home
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 details
- MLS #
- 5185554
- Property type
- Retail
- Subdivision
- Taylor Park Land Companys Forest
- Status
- Active
- Days on market
- 2
- On market date
- N/A
- Stories
- N/A
- Garage spaces
- N/A
- Lot size
- 0.36 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 248
- Student:teacher ratio
- 22.5:1
- District
- East Cleveland City School District
- Enrollment
- 504
- Student:teacher ratio
- 11.7:1
- District
- Cleveland Heights-University Heights City
- Enrollment
- 607
- Student:teacher ratio
- 15.2:1
- District
- East Cleveland City School District
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated April 2, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.