11207 Buckeye Rd Cleveland, OH 44104-3835

Property Details for 11207 Buckeye Rd

Year built

1900

Construction

WOOD

Lot size

0.20 lot acres

Property size

3,632 SF

Zone code

MF-1

Property type

Warehouses

APN

128-28-036

APU

12828036

Description

This exceptional mixed-use property in Cleveland, Ohio presents a compelling value-add investment opportunity. Located at 11207 Buckeye Rd, in the 44104 zip code, this distressed property comprises two buildings situated on a 0.199-acre lot (APN 128-28-036). The property features a total of 8,142 square feet and includes a vacant storefront and four residential units. The front building is a mixed-use structure with a storefront and two walk-up apartments, each offering two bedrooms and one bathroom. The rear building is a duplex, also featuring two two-bedroom, one-bathroom units. Built in 1900 and 1910, both buildings require complete renovation. The property's strategic location near Buckeye-Shaker neighborhood offers proximity to Cleveland Clinic's Children's Hospital, Buckeye Plaza, and Benedictine High School, presenting strong potential for rental income. The asking price is $18,000, translating to $2.21 per square foot. The property's potential rental income from the residential units is estimated at $3,100+ per month, based on an estimated $850 per month for each duplex unit and $700 per month for each apartment above the storefront. This property offers significant upside potential through renovation and lease-up of the vacant storefront. The property is currently vacant.