7511 Jeffries Avenue, Garfield Heights, OH 44105

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!