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Property Description

Discover this exceptional, income-generating property that offers both stability potential for growth. This meticulously updated mixed-use asset features two fully renovated residential units (side-by-side duplex) + 3 commercial garage spaces currently leased to a long-term tenant—all generating a total of $3,750 in monthly rent (well over 20% cash on cash)!

Each residential unit has undergone a comprehensive renovation, including: Brand new flooring + fresh paint, Updated light fixtures + modern hardware, Refinished ceilings + complete kitchen + bath remodels, New furnaces + hot water tanks, Updated electrical panels, newer sump pump, Numerous newer windows and Newer Roof! Exterior highlights include durable vinyl siding, private entrances, + a partially fenced backyard. The property also boasts a large parking lot,+ with two dedicated spaces per residential unit, + additional open land at the rear offering added privacy—an ideal feature on a quiet dead-end street. Residential Unit B includes a refreshed basement w/ generous storage + is currently rented on a 1-year lease at $1,250/month starting May 15. Residential Unit A is rent-ready and currently vacant, offering the flexibility to place your own tenant. (A prospective tenant is already identified and ready to pay $1,000/month, if the buyer chooses.) The commercial component consists of 3 garage bays (used as an auto/mechanic shop) 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 six years—has expressed interest in staying on as property manager for just $200/month, representing approximately 5% of gross income. Each residential unit is separately metered, + property will be delivered Point-of-Sale Compliant! With proximity to parks, major highways, healthcare facilities, retail, dining, + recreation, this is a highly desirable investment in a prime location!

Features
: Gas
: No
: Parking Lot, Parking Lot, Parking Lot, Concrete, Asphalt
Address Map
OH
Cuyahoga
Garfield Heights
Jeffries
7511
Avenue
44105
W82° 21' 58.9''
N41° 26' 14.6''
Property Details
Active
Coldwell Banker Schmidt Realty
Leilani M Bowersock
6,660 Sqft
2005015619
2644
546-38-042
: Asphalt, Fiberglass
: Public Sewer
: Public
$5,191
26/04/2025 14:38:30
No
No
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7511 Jeffries Avenue, Garfield Heights, Ohio

Commercial Sale For Sale

0.85 Sqft
$250,000
Listing ID #5117454
Basic Details
Property Type : Commercial Sale
Property Sub Type : Mixed Use
Listing Type : For Sale
Listing ID : 5117454
Price : $250,000
Year Built : 1949
Lot Area : 0.85 Sqft
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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