5007 Clark Avenue, Cleveland, OH 44102

$319,900

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List Price
$319,900
Status
ACTIVE
Days on Market
2
MLS#
5239176
Subtype
Commercial Sale
Year Built
1910
Acres
0.11
Subdivision
James Hoyts
Neighborhood
James Hoyts
MLS Area Major
Cleveland

Property Description

Income-producing Mixed-Use Investment opportunity at 5007 Clark ave in Cleveland OH 44102. Excellent opportunity to own a recently remodeled mixed -use property featuring two commercial store fronts and two residential apartments, providing multiple income streams from a single investment. The commercial spaces include a barbershop and clothing and jewelry store, while the two residential units offer additional rental income. The property has been thoughtfully updated and features newer finishes, stainless steel appliances, updated kitchens and modernized living spaces. All mechanicals and the roof are brand new! The combination of commercial and residential tenants creates an attractive setup for an investor looking for immediate income and long-term potential. The property currently generates $3,645 per month in rental income and $43,470 annually making this a strong opportunity for an investor seeking a diversified income producing asset. Located on Clark Avenue in Cleveland's Stockyards area the property offers convenient access to surroundings neighborhoods, major roadways, shopping, employment centers and downtown Cleveland. A unique opportunity to acquire a renovated mixed0-use property with commercial and residental income in Cleveland. Don't miss out on this opportunity!

Additional Information

Taxes
$3,471
Zoning
Retail
Heating
Forced Air
Air Conditioning
Window Unit(s)
Roof
Asphalt
Parking Features
Off Street
School District
Cleveland Municipal - 1809

Listing Courtesy of: Daniel B Cull IV, danbcull@gmail.com With Progressive Urban Real Estate Co

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