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5311 MAGNET AVE CLEVELAND, OH 44127
- Commercial / Resale (MLS)
Property Details for 5311 MAGNET AVE, CLEVELAND, OH 44127
Features
- Lot Size: 7250
- Total Units: 4
- Stories: 100
- Roof Type: Composition Shingle
- Heating: Hot Water,Steam
- Construction Type: Other
- Exterior Walls: Concrete Block
Facts
- Year Built: 01/01/1959
- Property ID: 877827534
- MLS Number: 5027595
- Parcel Number: 123-23-023
- Property Type: Commercial
- County: CUYAHOGA
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Discover a unique investment opportunity with this cash-flowing all-brick, four-unit apartment building alongside a profitable carwash business. Currently generating $3,050/month in total income, it has a proforma projection of nearly $4,000/month. It was also just recently awarded a Lead Safe Certification by the city of Cleveland one less thing for an investor to think about! The units boast original hardwood floors and will need some additional cosmetic updating to achieve projected rents. Seize this unique opportunity to purchase a business AND small multifamily all in one transaction and continue diversifying and growing your Cleveland portfolio!
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Property Brokerage:
Russell Real Estate Services
33 Public Square
Brecksville
OH
44141
Copyright © 2024 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.