$1,900,000

About this home

Exceptional investment opportunity in the heart of Cleveland! This mixed-use 17-unit property offers immediate cash flow with substantial upside potential. Currently generating approximately $36,000 per month ($432,000 annually) while operating at only 65% occupancy, this asset presents a rare value-add opportunity for investors looking to increase returns through lease-up, updates, and operational optimization. The property features a strong mix of residential and commercial space, including a fully operational laundromat business that is included in the sale—providing an additional, stable income stream for the next owner. With significant room to grow occupancy and rents, this property is ideally positioned for both seasoned investors and portfolio expansion. High visibility location, multiple income sources, and impressive in-place revenue make this a standout opportunity in Cleveland’s thriving investment market. Whether you are seeking long-term cash flow, appreciation potential, or a turnkey mixed-use asset with built-in upside, this property delivers on all fronts.

Property details

MLS #

5201618

Property type

MixedUse

Subdivision

N/A

Status

Active

Days on market

N/A

On market date

N/A

Stories

N/A

Garage spaces

N/A

Lot size

0.5455 acres

Nearby schools

Within 10 miles · public school directory data (NCES)