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$ 309,000
Est. payment /mo
New
5007 Clark AVE Cleveland, OH 44102
5,000 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision James Hoyts
MLS Listing ID 5253651
HOA Y/N No
Year Built 1910
Annual Tax Amount $3,472
Tax Year 2025
Lot Size 5,000 Sqft
Acres 0.1148
Property Sub-Type Mixed Use
Property Description
This commercial quadplex is an excellent investment opportunity! This fully occupied, income-producing mixed-use property features 2 commercial storefronts & 2 residential apartments, generating $3,600/mo in gross rental income! Both storefronts are leased to the same company, operating a barbershop & retail store, for a combined $1,100/mo. With estimated market rents of $800–$900 per storefront, investors have potential to increase future income! Each residential unit offers 2 bedrooms, 1 full bathroom, a spacious living room, functional kitchen & adjoining dining area. Both apartments have stable tenants paying $1,250/mo each, providing immediate cash flow. Extensive renovations include newer windows, updated flooring, fresh paint, appliances, new washers & dryers, newer furnaces & hot water tanks, upgraded electrical panels & service, new sewer lines & a roof approximately one year old! The basement provides additional storage & potential value-add opportunities. A privacy fence separates tenants' backyard spaces, plus 4 rear parking spaces provide convenient off-street parking. With dependable occupancy, multiple income streams & major improvements already completed, this property offers a compelling blend of current cash flow & future upside. Separate residential & commercial spaces offer flexibility for long-term leasing strategies, adding to this property's investment appeal. Conveniently located on Cleveland's West Side near I-90, I-71 & I-490, MetroHealth Main Campus, public transportation, schools, shops, parks, restaurants & everyday amenities.
Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Don't miss the chance to expand your portfolio with this renovated, fully occupied mixed-use investment! Schedule your showing! No wholesalers. No Seller financing. No low ball offers.
Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Don't miss the chance to expand your portfolio with this renovated, fully occupied mixed-use investment! Schedule your showing! No wholesalers. No Seller financing. No low ball offers.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Parking Lot
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Present Use Commercial,Multi-Family
Total Parking Spaces 4
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 016-11-048
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Michael Azzam • RE/MAX Haven Realty • mike@theazzamgroup.com, 216-446-7606
NEARBY SCHOOL & BUSINESS
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