483 260th St, Euclid, OH 44132-1461
- Warehouses
- 3,740 SF
- 0.13 lot acres
Current Use by Public Records
- Warehouses
Property Details for 483 260th St
- Year built
- 1937
- Construction
- WOOD
- Lot size
- 0.13 lot acres
- Zone code
- U4
- Property type
- Warehouses
- APN
- 645-26-013
- APU
- 64526013
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 8, 2016 | — | Foradis Properties LLC | Foradis,gus G & Angela F | Quit Claim Deed · related | — |
| May 31, 2001 | $420,000 | Gus G Foradis | Cornerstone Investment Group | Grant Deed | $133k · Robert H & Kathleen I |
| — | — | Gus G Foradis | — | Deed Of Trust · related | $223k · National City Bank |
Description
This exceptional mixed-use property in Euclid, Ohio presents a lucrative investment opportunity. Located on a corner lot at 483 E 260th Street, this three-parcel, three-building complex encompasses 9,983 square feet on a 0.01-acre lot. The property boasts eight units: five ground-level commercial spaces and three residential apartments. Currently, the property enjoys 75% occupancy, generating a monthly income of $7,200. Tenants are responsible for their individual utilities, with a portion of water/sewer costs added to their rent. There is one vacant commercial space (the smallest) and one vacant one-bedroom residential unit. Each commercial space features its own bathroom and basement access. Significant recent improvements include a complete repouring of the ample concrete parking area in the rear, a project costing over $60,000 a few years ago. This investment also includes a newly enclosed garbage area and updated electrical panels. The property benefits from its strategic location on East 260th Street, providing easy access to Route 2 and Lakeshore Boulevard. Nearby amenities include a new school, medical facilities, and shopping centers, ensuring a strong client base for commercial tenants. This property offers a blend of stable income and significant upside potential for a savvy investor. The asking price is $485,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Euclid
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5026
- Latitude
- 41.6136
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
