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12401 Larchmere Boulevard

Cleveland, OH 44120
  • $499,500
  • STATUS: Active
  • ON SITE: 121 Days
  • MLS #: 4414293
$499,500
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,996
    SQFT
  • $71
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Listing courtesy of Howard Hanna.
Listing information © 2023 YES-MLS.

Description

Investment opportunity located near Shaker square and Little Italy. This brick building consists of 6 total units- 4 apartments and 2 retail storefronts. The storefronts are occupied by a long term State Farm agent with 2 years left on lease and the other was completely renovated and recently occupied by a barbershop. Those 2 units bring in $2500/mo. Upstairs 3 units are occupied and 1 is vacant (2 bed). Those units are all rented below market and could easily be increased to market rents of $800-975/mo. Tenants love the location, the balcony and the size of the units which feature original hardwood floors. SO much potential for an owner operator to increase income and reap the benefits.

Monthly Payment Calculator

Listing information © 2023 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Connections Realty | Keller Williams are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2023-02-05T00:08:00.783.
www.connectionsrealty.org/homes/133709383
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12401 Larchmere Boulevard Cleveland, OH 44120

  • Price: $499,500
  • Status: Active
  • On Site: 121 Days
  • MLS #: 4414293
0
Beds
0
Baths
0
½ Baths
0.18
Acres
6,996
SQFT
$71
$/SQFT
1925
Built
Neighborhood:
Leisy
County:
Cuyahoga
Area:
Cleveland City (Shaker Heights Sd)
Property Description
Investment opportunity located near Shaker square and Little Italy. This brick building consists of 6 total units- 4 apartments and 2 retail storefronts. The storefronts are occupied by a long term State Farm agent with 2 years left on lease and the other was completely renovated and recently occupied by a barbershop. Those 2 units bring in $2500/mo. Upstairs 3 units are occupied and 1 is vacant (2 bed). Those units are all rented below market and could easily be increased to market rents of $800-975/mo. Tenants love the location, the balcony and the size of the units which feature original hardwood floors. SO much potential for an owner operator to increase income and reap the benefits.
Exterior Features

Fencing Privacy Parking Features On SiteOutsidePrivate Parking Total 6 Roof Flat

Interior Features

Basement Full Basement YN No Building Area Total 6996 Heating Forced AirGas Heating YN Yes

Property Features

Above Grade Finished Area 6996 Lease Considered YN No Listing Terms CashConventional Owner Pays ElectricitySewerTrash CollectionWater Ownership Resident Property Sub Type Mixed Use Sewer Public Sewer Tenant Pays Cable Tv Water Source Public Year Built Details Actual Ybt

Listing information © 2023 YES-MLS.
Listing provided courtesy of Howard Hanna: (440) 793-0100.
Listing information © 2023 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Connections Realty | Keller Williams are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2023-02-05T00:08:00.783.
 
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Connections Realty | Keller Williams
Norton OH, 44203
Listing courtesy of Howard Hanna.
Listing information © 2023 YES-MLS.