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Property Description

Attention investors!! Fully occupied duplex with oversized garages, receiving additional income! Raking in $3,800 per month(15% ROI), this property is the perfect addition to your portfolio. Unit A rented at $1,050 , Unit B at $1,250, and garage spaces at $1,500 per month (long term tenant). Each residential unit has undergone a comprehensive renovation, including: Brand new flooring, fresh paint, updated light fixtures and 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, and a partially fenced backyard. The property also boasts a large parking lot, with two dedicated spaces per residential unit, and additional open land at the rear offering added privacy and space. Residential Unit B – 2 beds/ 1 bath. Unit A – 2 beds. 1 bath) The commercial component consists of 3 garage bays (used as 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 PM for just $200/month. Each residential unit is separately metered, property will be delivered Point-of-Sale Compliant! Crushing a 20% cash on cash return, this is a highly desirable investment in a prime location!

Features
: Forced Air
: No
: Garage, Attached, Parking Lot, Parking Lot, Parking Lot
Address Map
OH
Cuyahoga
Garfield Heights
44105
Jeffries
7511
Avenue
W82° 21' 58.9''
N41° 26' 14.6''
Property Details
Active
Russell Real Estate Services
Armani Adames
6,660 Sqft
2020004334
2762
546-38-042
: Asphalt, Fiberglass
: Public Sewer
: Public
$5,993
02/10/2025 19:35:30
No
No
Yes
No
5

7511 Jeffries Avenue, Garfield Heights, Ohio 44105

Commercial Sale For Sale

0.85 Sqft
$265,000
Listing ID #5161606
Basic Details
Property Type : Commercial Sale
Property Sub Type : Mixed Use
Listing Type : For Sale
Listing ID : 5161606
Price : $265,000
Year Built : 1949
Lot Area : 0.85 Sqft
Current Use : Commercial,mixed Use
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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