Cleveland, OH 44111,12019 lorain ave
Cleveland, OH 44111,12019 lorain ave
Cleveland, OH 44111,12019 lorain ave
$315,000
Est. payment /mo
$300,000
5.0%
Est.Price: ?

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5,662 Sqft Lot
SOLD DATE : 09/13/2024

Key Details

Sold Price $315,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 5044505

Sold Date 09/13/24

HOA Y/N No

Year Built 1926

Annual Tax Amount $3,466

Tax Year 2023

Lot Size 5,662 Sqft

Acres 0.13

Property Description

Rarely available mixed-use corner property on super-hot stretch of Lorain Ave. Fully rented to single tenant on a month-to-month basis with upside. The building consists of a Double Storefront, (2) Large Apartments, Parking Pad and (4) Car Brick Garage. Commercial Space operator leases the entire building for $2,900/month and is responsible for all utilities, trash and general maintenance of the property. Tenant has expressed interest in committing to a longer-term lease. This is a special opportunity for the savvy investor to purchase a well-priced, turnkey property in a fast growth area.

Location

State OH

County Cuyahoga

Interior

Heating Radiator(s)

Fireplace No

Exterior

Present Use Commercial,Multi-Family,Mixed Use

Total Parking Spaces 4

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 018-05-017

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Other

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Listed by George Vujadinovic • EXP Realty, LLC. • home4u@georgesoldit.com 440-502-9128
Bought with Non-MLS Agent • Non-MLS Office
Justin Carroll

REALTOR / Team Lead | License ID: C2015004696

+1(330) 705-3640 | justin@jcsells.com

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