Vision Sales Team

8403 Detroit Avenue

Cleveland , OH 44102

MLS#: 5196402

$789,000

Status: Active
Listing number: 5196402
Listing provided by: RE/MAX Above & Beyond
Listing agent phone: None
Last update: a day ago
New on site 2 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1910

Sq.Footage

N/A

Turnkey mixed-use investment opportunity in the highly desirable Detroit Shoreway neighborhood. This fully renovated property features 5 residential units and 3 occupied retail storefronts, generating $109,200 in annual income with a strong NOI of $95,603 (12.1% cap rate).*Residential units include 3 one-bedroom apartments and 2 efficiency units, all leased with stable tenancy through 2026-2027. Retail spaces are fully occupied with leases in place through 2026 and 2028, providing consistent commercial income.* The building has been extensively updated with a new roof, HVAC systems, updated electrical and plumbing, and fully renovated interiors, resulting in minimal deferred maintenance. Tenants pay utilities, keeping operating expenses low. Located just minutes from Edgewater Park with easy access to downtown Cleveland and major highways.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.0854

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $789,000

  • Tax Amount

    $5,717

  • Zoning

    Commercial

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    Yes

  • Association Fee 2

    $1,400

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Cleveland Municipal - 1809

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Cuyahoga

Elementary School

Cleveland Municipal - 1809

Middle School

High School

Listing Courtesy of Angela P Giarikos , RE/MAX Above & Beyond

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Agent Austin Lape

AGENT

Austin Lape

Call Austin today to schedule a private showing.

(330) 808-6162

Austin@VisionSalesTeam.com


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Turnkey mixed-use investment opportunity in the highly desirable Detroit Shoreway neighborhood. This fully renovated property features 5 residential units and 3 occupied retail storefronts, generating $109,200 in annual income with a strong NOI of $95,603 (12.1% cap rate).*Residential units include 3 one-bedroom apartments and 2 efficiency units, all leased with stable tenancy through 2026-2027. Retail spaces are fully occupied with leases in place through 2026 and 2028, providing consistent commercial income.* The building has been extensively updated with a new roof, HVAC systems, updated electrical and plumbing, and fully renovated interiors, resulting in minimal deferred maintenance. Tenants pay utilities, keeping operating expenses low. Located just minutes from Edgewater Park with easy access to downtown Cleveland and major highways.

8403 Detroit Avenue

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