Property summary
This exceptional investment opportunity in Cleveland, OH, presents two buildings on a 0.16-acre lot, totaling 3,193 square feet. The property comprises a duplex and a separate retail storefront, offering diverse income streams. The duplex provides two residential units, while the freestanding building offers a prime retail space, ideal for a variety of businesses. The combined potential gross monthly rent for all three units is estimated at $2,900, presenting a strong return on investment. Located at 4479 State Road, this property benefits from its convenient location within Cleveland. The buildings are well-maintained and ready for immediate occupancy, providing a turnkey investment opportunity for savvy investors seeking a diversified portfolio. The property's size and layout offer flexibility for future expansion or redevelopment, allowing for further potential income growth. This is a rare chance to acquire a multi-unit property with established rental income in a thriving Cleveland neighborhood. The strong rental potential and diverse income streams make this an attractive investment for both seasoned and new investors. Serious inquiries are encouraged to explore this promising opportunity. The asking price is $179,900.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LR · Cleveland, OHZoning
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Zoning designation
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The district profile from the municipal source: what is on file for LR in Cleveland, OH.
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Find the owner behind the property.
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