Drema Davis

4439 State Road
Cleveland, OH 44109

$225,000

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Listing Details

  • $225,000
  • MLS# 5235469
  • Type Commercial - Business
  • Status Active
  • 0.169 acres
    Lot Size
  • 1890
    Year Built
  • East Cleveland City
    Local Schools

Home Value Estimate

Description

Value-add mixed-use opportunity offered at just $225,000 with an estimated stabilized value of approximately $360,000. This fully vacant property features four income-producing spaces, including a 4-bedroom apartment, 2-bedroom apartment, storefront, and warehouse/storage space, estimated at $3900/mo total. Beyond rental income, the property's utility configuration presents an opportunity to implement a RUBS reimbursement program, potentially shifting all utility costs back to tenants. This creates another avenue to improve NOI without significant capital investment. Major systems anre in great shape including a newer roof (-10yr) , vinyl...read more

Features

  • Central Air
  • Forced Air
  • 2.0 Stories
  • $5,073 / year Taxes
  • Public
  • Built in 1890

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Listed By

Agency Name: Keller Williams Living
Agency Contact: Erinthomas@kwcommercial.com, 440-670-2300

Shown By

Agent Name: Drema Davis
Agent Phone: (304) 741-1400
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact

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