21
See all 21 photos
$250,000
Est. payment /mo
4,316 Sqft Lot
Active
11809 Union AVE Cleveland, OH 44105
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UPDATED:
11/30/2024 10:24 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Union-Rice Sub
MLS Listing ID 5081729
HOA Y/N No
Year Built 1920
Annual Tax Amount $1,451
Tax Year 2023
Lot Size 4,316 Sqft
Acres 0.0991
Property Description
Welcome to 11809 Union Ave in Cleveland OH. This is a 6 unit building (4 renovated apartments and 2 storefronts). Each apartment has been renovated within the last two years and have been fully occupied with tenants paying between $750 and $850 per month. The roof was refinished in 2022. Each unit has its own hot water tank and furnace; new as well. The two store fronts have been gutted and are under renovation, therefore prospective buyers can view these areas during a showing / walkthrough. This is a strong cash flowing asset with upside when considering current market rents and the underutilized storefronts. The location is also in a neighborhood ripe with opportunity. The owner will consider all offers, but it is important to note that given this is a commercial property, prospective buyers seeking to use leverage would need to acquire a commercial loan vs residential. Seller will prioritize cash buyers and those with the capability to close fast. Set up a showing today!
Location
State OH
County Cuyahoga
Rooms
Basement Full, Concrete
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 130-20-011
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Joan Elflein • Ohio Broker Direct • 614-989-7215 joan@ohiobrokerdirect.com
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