| Bedrooms: | 0 beds |
| Bathrooms: | 0 baths |
| Commercial Sale: | 0 sqft |
| Lot: | 0.85 |
| Year Built: | 1949 |
| Listing Status: | Active |
Listing Agent
Leilani Bowersock (440) 570-9514
http://www.cbschmidtohio.comWe cannot obtain a map view for this location. Please
See Google Maps for any possible street views and other mapping views.
We cannot obtain a street view for this location. Please
See Google Maps for any possible street views and other mapping views.
| Monthly Principal + Interest: | $ |
| Monthly tax: | $ |
| Total Payment: | $ |
These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.
Description
Discover this exceptional, income-generating property that offers both stability potential for growth. This meticulously updated mixed-use asset features two fully renovated residential units (side-by-side duplex) + 3 commercial garage spaces currently leased to a long-term tenant—all generating a total of $3,750 in monthly rent (well over 20% cash on cash)! Each residential unit has undergone a comprehensive renovation, including: Brand new flooring + fresh paint, Updated light fixtures + modern hardware, Refinished ceilings + complete kitchen + bath remodels, New furnaces + hot water tanks, Updated electrical panels, newer sump pump, Numerous newer windows and Newer Roof! Exterior highlights include durable vinyl siding, private entrances, + a partially fenced backyard. The property also boasts a large parking lot,+ with two dedicated spaces per residential unit, + additional open land at the rear offering added privacy—an ideal feature on a quiet dead-end street. Residential Unit B includes a refreshed basement w/ generous storage + is currently rented on a 1-year lease at $1,250/month starting May 15. Residential Unit A is rent-ready and currently vacant, offering the flexibility to place your own tenant. (A prospective tenant is already identified and ready to pay $1,000/month, if the buyer chooses.) The commercial component consists of 3 garage bays (used as an auto/mechanic shop) 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 six years—has expressed interest in staying on as property manager for just $200/month, representing approximately 5% of gross income. Each residential unit is separately metered, + property will be delivered Point-of-Sale Compliant! With proximity to parks, major highways, healthcare facilities, retail, dining, + recreation, this is a highly desirable investment in a prime location!Other Information
7511 Jeffries Avenue, Garfield Heights, OH, 44105 is a commercial sale listing of 0 sqft on a lot of 0.85. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at
7511 Jeffries Avenue, Garfield Heights, OHListing offered by: Coldwell Banker Schmidt Realty - felicia.hengle@cbschmidtohio.com - (440) 572-0220
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