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Key Details
Sold Price $185,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $22
Subdivision Urban Realty Companys
MLS Listing ID 4297424
Sold Date 07/29/21
HOA Y/N No
Abv Grd Liv Area 8,400
Year Built 1922
Annual Tax Amount $5,534
Lot Size 4,438 Sqft
Acres 0.1019
Property Description
5 unit commercial building in the heart of Newburgh Heights. The building is mixed use, fully occupied but under rented. The property consists of three residential units and two store fronts. The first unit is a 4 bed/2 bath (2000 sqft) rented at $800 a month. There are two 2bed/1 bath units that are 1,000 sq ft each, both rented at $500 a month. The first store front unit is occupied by a strong performing pizza shop that was fully remodeled three years ago. The pizza shop rents is $500 a month. The second store front is a community center that has been there since 1978. That unit is collection $475 a month. There are four attached garages available for tenants. Mechanicals are in good shape. All tenants are on month to month leases. Rents can be raised with proper notice. Owner pays water,sewer,taxes,and insurance. Property is currently self managed by seller.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 511-08-057
Financing Cash
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Bought with Darren T Mancuso • RE/MAX Crossroads Properties