11809 Un Ave Cleveland, OH 44105-7802

Property Details for 11809 Un Ave

Year built

1920

Construction

WOOD

Lot size

0.10 lot acres

Property size

4,786 SF

Zone code

2F

Property type

Warehouses

APN

130-20-011

APU

13020011

Description

This exceptional mixed-use property, located at 11809 Union Avenue in Cleveland, Ohio, presents a compelling investment opportunity. The 7,200 square foot building, constructed in 1920, features six units: four renovated apartments and two vacant storefronts. Each apartment, updated within the last two years, commands monthly rent between $750 and $850, ensuring a strong current cash flow. The building boasts a newly refinished roof (2022) and each apartment includes a new furnace and hot water tank. The two storefronts have been completely gutted and are ready for renovation, offering significant upside potential. A potential conversion to residential use exists, however, any zoning changes would be the responsibility of the buyer. This property sits on a 130-20-011 APN parcel and is zoned for mixed use. The seller is highly motivated and will consider all offers, but prioritizes cash buyers and those capable of a swift closing. Commercial financing will be required for leveraged purchases. This is a rare opportunity to acquire a cash-flowing asset in a rapidly developing Cleveland neighborhood. The building is currently 75% occupied.