2201 N Taylor RD new Save Request In-Person Tour Request Virtual Tour
Cleveland Heights,OH 44112
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Taylor Park Land Companys Forest
MLS Listing ID 5156134
HOA Y/N No
Year Built 1915
Annual Tax Amount $16,435
Tax Year 2024
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Mixed Use
Property Description
Incredible investment opportunity in desirable Cleveland Heights! CAP RATE 11%! Well maintained 11 unit brick mixed use building raking in income. 5 commercial units and 6 residential made up of 3 - 1 bedroom units and 3 - 2 bedroom units. ONLY 1 VACANCY! Great opportunity for investors to add to their portfolio, or first time investors to take advantage of the lucrative cash flow. Located in a desirable and growing area with easy access to public transportation and major highways. The neighborhood offers a variety of dining, shopping, and entertainment options, making it an attractive location for tenants. Current gross rent is at $7,875. Vacant commercial unit has a potential of $1,300 putting income at over $9,000 monthly. Overall, this is an excellent investment opportunity with great potential for income and appreciation. Don't miss your chance to own this fantastic property in a desirable location! Hurry this will not last long! Contact agent for income/expenses.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached,Garage,Parking Lot
Water Access Desc Public
Roof Type Rubber
Present Use Multi-Family,Mixed Use,Retail
Total Parking Spaces 16
Garage true
Building
Entry Level Two
Foundation Basement
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District East Cleveland Csd - 1812
Others
Tax ID 681-08-027
Acceptable Financing Cash,Conventional,1031 Exchange,Private Financing Available
Listing Terms Cash,Conventional,1031 Exchange,Private Financing Available