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Property Description
Investment opportunity located near Shaker square and Little Italy. This brick building consists of 6 total units- 4 apartments and 2 retail storefronts. The storefronts are occupied by a long term State Farm agent with 2 years left on lease and the other was completely renovated and recently occupied by a barbershop. Those 2 units bring in $2500/mo. Upstairs 3 units are occupied and 1 is vacant (2 bed). Those units are all rented below market and could easily be increased to market rents of $800-975/mo. Tenants love the location, the balcony and the size of the units which feature original hardwood floors. SO much potential for an owner operator to increase income and reap the benefits.
Features
: Forced Air, Gas
: Privacy
: Private, On Site, Outside
6
Address Map
OH
Cuyahoga
Cleveland
44120
Larchmere
12401
Boulevard
W82° 24' 12.9''
N41° 29' 16.7''
Located off of Martin Luther King Jr Drive, between East 121st Street & East 127th Street.
Property Details
Howard Hanna
Greg Willis
Full
6,996 Sqft
168
River
393881
2968
Active
129-07-070
: Flat
: Public Sewer
0
Other
1
: Public
0
$0
0
: Cash, Conventional
0
20/03/2023 16:56:26
12401 Larchmere Boulevard, Cleveland, Ohio 44120
Commercial Sale For Sale
6,996 Sqft
$499,500
Listing ID #4414293
Basic Details
Property Type : Commercial Sale
Property Sub Type : Mixed Use
Listing Type : For Sale
Listing ID : 4414293
Price : $499,500
Square Footage : 6,996 Sqft
Year Built : 1925
Lot Area : 0.19 Acre
Status : Active
Subdivision Location : Leisy
Current Use : Vacant