5011 Clark Avenue, Cleveland, OH 44102
- $299,900
- List Price
- $299,900
- Status
- ACTIVE
- Stories
- 2
- MLS#
- 5242954
- Year Built
- 1890
- Region
- Cleveland
- Township
- Cleveland
- Subdivision / Building
- Clark Fulton
Property Description
Mixed-use investment opportunity in Cleveland featuring a 984-square-foot retail storefront plus two updated 2-bedroom apartments with 1,684 total residential square feet. The storefront remains occupied by an active business at $1,475 per month with a lease through 09/30/2027, providing $17,700 in current annual income. Both residential units are vacant and actively marketed for rent at $900 and $925 per month, creating potential total gross income of $39,600 annually once fully leased. The 2,668-square-foot, two-story building includes a basement beneath the storefront with a private restroom, storage and utilities. Additional features include baseboard and forced-air heat, wall-unit cooling, public water and sewer, and on-street parking. Convenient urban location with public transportation and easy access to downtown, Ohio City, Tremont, University Circle and major commuter routes. A compelling opportunity for an investor seeking current commercial income with residential lease-up potential.
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Additional Information
- Taxes
- $3,821
- Acres
- 0.11
- Sewer
- Public Sewer
- Roof
- Asphalt, Fiberglass
- Water
- Public
- Heating
- Baseboard, Forced Air
- Cooling
- Wall Unit(s)
- School District
- Cleveland Municipal - 1809
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Listing Courtesy of: Ryan Walsh, ryan@b2brealty.com With B2B Realty
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