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$209,000
8 Beds 2 Baths 5210254 MLS
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!

7511 Jeffries Avenue, Garfield Heights

$205,000
4485483 MLS
This mixed-use building is located close to the corner of Turney Rd and Granger Rd. 6,358 sq ft above ground total with two retail spaces, one of which was a laundry service with equipment and set up, and three small office spaces on the first floor. Four 1-bedroom apartments on the second floor. Laundry/utility room on second floor to service apartments with an additional, small storage room. Large basement for storage with separate space and access with each retail unit. Apartment tenants pay their own electric, retail spaces pay their own utilities. Some work will be needed to bring this building back to it's full potential. This property has the potential of well over $6,000.00 a month in gross rents between the apartments and retail spaces. Schedule your private showing today. Pre-Approval and/or Proof of Funds required before viewing.

5350 Turney Road, Garfield Heights

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