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12019 lorain ave Cleveland, OH 44111
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Key Details
Sold Price $315,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5044505
Sold Date 09/13/24
HOA Y/N No
Year Built 1926
Annual Tax Amount $3,466
Tax Year 2023
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Rarely available mixed-use corner property on super-hot stretch of Lorain Ave. Fully rented to single tenant on a month-to-month basis with upside. The building consists of a Double Storefront, (2) Large Apartments, Parking Pad and (4) Car Brick Garage. Commercial Space operator leases the entire building for $2,900/month and is responsible for all utilities, trash and general maintenance of the property. Tenant has expressed interest in committing to a longer-term lease. This is a special opportunity for the savvy investor to purchase a well-priced, turnkey property in a fast growth area.
Location
State OH
County Cuyahoga
Interior
Heating Radiator(s)
Fireplace No
Exterior
Present Use Commercial,Multi-Family,Mixed Use
Total Parking Spaces 4
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 018-05-017
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Other
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Bought with Non-MLS Agent • Non-MLS Office