$280,000
$300,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
10018 Lorain AVE Cleveland, OH 44111
10,056 SqFt
Key Details
Sold Price $280,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 10,056 sqft
Price per Sqft $27
Subdivision Wensink
MLS Listing ID 4422534
Sold Date 05/12/23
HOA Y/N No
Abv Grd Liv Area 10,056
Year Built 1920
Annual Tax Amount $4,552
Lot Size 8,637 Sqft
Acres 0.1983
Property Sub-Type Mixed Use
Property Description
Looking for Cash Flow? 10018 Lorain Avenue a Brick 7 Unit Building, that consists of 4 Apartments upstairs and 3 Retail spaces on the first floor. Potential of $6,000 a month in estimated gross income (Air BnB could raise this). This property has potential 10%+ cap rate and a possible 20% cash on cash return on investment. All units are separately metered for gas and electric. This building has endless potential, owner vacated all units for a new owner to rent as they please and their own. Owner was utilizing two retail units for their own store. Make an appointment today.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Fireplace No
Exterior
Parking Features On Site, Outside
Fence Privacy
Water Access Desc Public
Roof Type Rubber,Slate
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 005-19-007
Financing Cash,Seller Financing
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Bought with Chris Kilbane • Russell Real Estate Services