Exp Realty, LLC.
Exp Realty, LLC.
Daniel McGarry, Exp Realty, LLC.Phone: (440) 749-2979
Email: [email protected]
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listing
1 of 36
CommercialFor Sale
$444,900
5917 Storer Avenue
Cleveland, OH 44102
Courtesy of Russell Real Estate Services
MLS: MLS Now
Est. Mortgage
$2,397/mo

Discover this 7-unit brick building located on the desirable westside of Cleveland. The property boasts a mix of updated units featuring modern vinyl flooring, fresh paint, and various cosmetic enhancements. This building includes five spacious 2-bedroom units, one cozy 1-bedroom unit, and one studio apartment. Each unit is equipped with separate furnaces and hot water tanks, ensuring tenants are responsible for their own electric and gas, reducing your overhead costs. Currently fully occupied, this property offers great current earnings with an IMPRESSIVE proforma. By implementing minor rent increases, you can easily elevate the property to achieve a 10% cap rate. As it stands, the building will operates at over a 9% cap rate, presenting an attractive return on investment. Seize the opportunity to invest in a property that not only provides immediate income but also holds significant potential for future value enhancement.

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Information courtesy of Russell Real Estate Services is subject to verification and is not guaranteed.
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