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Key Details
Sold Price $335,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision J & M Jamnek Proposed
MLS Listing ID 5069179
Sold Date 10/02/24
HOA Y/N No
Year Built 1928
Annual Tax Amount $7,804
Tax Year 2023
Lot Size 10,402 Sqft
Acres 0.2388
Property Description
This exceptional investment opportunity offers two properties on one parcel, including a commercial building with two units (Bar/Restaurant) and a residential home, providing significant income with room for growth. The first property features a fully rehabbed lounge and a 3-bedroom apartment above it, currently generating $2,500 monthly, with rents below market value, allowing for potential revenue increases. The lounge and the apartment are on a lease through 2027, offering long-term stability. The property also includes newer windows, electrical, plumbing, a roof replaced in 2019, 20 parking spots, and a 2-car garage. Additionally, both properties are POS compliant.
The second property is a newly remodeled 4-bedroom home with an open floor plan, granite countertops, stainless steel appliances, newer windows throughout, and central air. This spacious home includes one bedroom on the first floor and three additional bedrooms on the upper level, with a monthly rental potential of $1,800. To provide extra peace of mind, the seller offers the buyer a one-year home warranty. This unique property package is perfect for investors looking to expand their portfolio or those seeking a dual-income opportunity.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Exterior
Garage Driveway, Shared Driveway
Fence Full
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Present Use Commercial,Mixed Use
Total Parking Spaces 22
Building
Sewer Public Sewer
Water Public
Schools
School District Euclid Csd - 1813
Others
Tax ID 641-19-038
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Greg Cosgriff • HomeSmart Real Estate Momentum LLC