BEDS8
BATHS2 full
SQUARE FEET6,660
MLS#5210254
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOrchard Grove Allotment/G M Hick
SCHOOLCleveland Municipal - 1809
Property Description
Attention investors!! Fully occupied duplex with oversized garages, receiving additional income! Raking in $3,850 per month (20% ROI!!), this property is the perfect addition to your portfolio. Unit A rented at $1,100, Unit B at $1,250, and garage spaces at $1,500 per month (long term tenant). Each residential unit has undergone a comprehensive renovation, including: Brand new flooring, fresh paint, updated light fixtures and modern hardware, refinished ceilings, complete kitchen, bath remodels, new furnaces & hot water tanks, updated electrical panels, newer sub pump, numerous newer windows. Exterior highlights include durable vinyl siding, private entrances, and a partially fenced backyard. The property also boasts a large parking lot, with two dedicated spaces per residential unit, and additional open land at the rear offering added privacy and space. Residential Unit B - 2 beds/ 1 bath. Unit A - 2 beds/1 bath) The commercial component consists of 3 garage bays leased together at $1,500/month on a new five-year lease beginning June 1 with 3% annual increases. The garage also includes a private office, the tenant-who has been occupying the space for over eight years-has expressed interest in staying on as PM for just $200/month. Each residential unit is separately metered, property will be delivered Point-of-Sale Compliant! Crushing a 20% cash on cash return, this is a highly desirable investment in a prime location!
Property Features
Property Type: Multi Unit - Multiple
Basement: Partial, Unfinished
Basement: Yes
Cooling: None
Garage: 6
Heating: Forced Air, Gas
Lot Size: 0.85 Acres
Roof Type: Asphalt, Fiberglass
Stories: 1.0
Taxes: $5,799 / year
Year Built: 1949
Feature Descriptions
Days on Site: 7
Exterior: Brick, Vinyl Siding
Parcel#: 546-38-042
Parking: Parking Lot
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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: Stephanie Sayles
Agent Phone: Cell: (330) 284-7498
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,689.75 per month $1,146.71 Principal & Interest $483.25 Property Tax $59.79 Homeowner's InsuranceChange Payment Information
Stephanie Sayles
Cell: (330) 284-7498
Email Me
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7511 Jeffries Avenue | MLS# 5210254
This multi-family property located at 7511 Jeffries Avenue, Garfield Heights, OH 44105 is currently listed for sale with an asking price of $205,000. Jeffries Avenue is located within the Cleveland Municipal - 1809 school district. Search Garfield Heights real estate on www.soldbysayles.com today.