7221 Lorain Avenue Cleveland, OH 44102
Commercial-Other
MLS #: 5255565
Listed By CENTURY 21 HomeStar
Property InformationDescription
Excellent investment opportunity to own a fully occupied, six-unit mixed-use property located on Lorain Avenue on Cleveland's west side, just minutes from downtown. This well-maintained building features three residential apartments and three commercial storefronts, providing a combination of residential and commercial rental income. All six spaces are currently occupied, generating $4,550 in monthly rental income and $54,600 in annual gross rental income. The residential apartments feature updated bathrooms and convenient in-unit laundry, while the property also offers a large fenced rear parking area. With established tenants, multiple income streams, and potential for future rental income growth, this property presents an excellent opportunity for investors looking to expand their real estate portfolio. Proof of funds or pre-approval may be required prior to scheduling. For additional information or to schedule a private showing, call or text Peter Spirollari at (216) 235-8297. AGENT OWNED - Peter Spirollari.
Features
- Age: Over 50 Years Old
- Basement: Full
- Building Area: 0.00 SF
- Cross Docks: N
- For Auction: N
- Heating Type: Forced Air
- Lot Size In Text: 9239 Sq. Ft.
- MLSID: 5255565
- Parking Places: 10
- Price Upon Request: N
- Sewer: Public
- Style: Other Style
- Sublease: N
- Taxes: $5826.00
- Year Built: 1924
