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USAOHClevelandOrchard Grove Allotment/g M Hick7511 Jeffries Ave
7511 Jeffries Ave, Home with 8 bedrooms, 2 bathrooms and null parking in Cleveland OH | Image 1
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$265,000

7511 Jeffries Ave, Cleveland, OH

Real Estate

For Sale

$--,---,---
820
  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 6660 sqft
Garage Yes
Taxes $5,993
Days Active 0
Lot Size 
Approx. Age 1949
Avg. Price Per Sqft $39
MLS® Number 5161605

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Attention investors!! Fully occupied duplex with oversized garages, receiving additional income! Raking in $3, 800 per month(15% ROI), this property is the perfect addition to your portfolio. Unit A rented at $1, 050 , Unit B at $1, 250, and garage spaces at $1, 500 per month (long term tenant). Each residential unit has undergone a comprehensive renovation, including: Brand new flooring, fresh paint, updated light fixtures and modern hardware, refinished ceilings, complete kitchen, bath remodels, new furnaces & hot water tanks, updated electrical panels, newer sump pump, numerous newer windows and newer Roof! Exterior highlights include durable vinyl siding, private entrances, and a partially fenced backyard. The property also boasts a large parking lot, with two dedicated spaces per residential unit, and additional open land at the rear offering added privacy and space. Residential Unit B - 2 beds/ 1 bath. Unit A - 2 beds. 1 bath) The commercial component consists of 3 garage bays (used as auto/mechanic shop) leased together at $1, 500/month on a new five-year lease beginning June 1 with 3% annual increases. The garage also includes a private office, the tenant—who has been occupying the space for over six years—has expressed interest in staying on as PM for just $200/month. Each residential unit is separately metered, property will be delivered Point-of-Sale Compliant! Crushing a 20% cash on cash return, this is a highly desirable investment in a prime location!Show Description
MLS® Number5161605
Laundry Level
Central VacNo
FireplaceNo
Acreage0.85
Exterior
GarageYes
Approx. Age1949
BasementFull, Unfinished
DrivewayAdditional Parking, Attached, Detached, Garage, Parking Lot
Garage Spaces
HeatForced Air
A/CNone
Heating Fuel

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