For Sale
$350,000

11702 Buckeye RdCleveland, OH 44120

Cleveland Mixed-Use Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This Cleveland, Ohio mixed-use property at 11702 Buckeye Rd, offers a compelling investment opportunity. The 5,900+ square foot brick building features two retail storefronts and six apartments. One storefront is currently vacant, presenting immediate potential for lease income, while the other generates $300 monthly rent from a long-term tenant (10+ years). The six apartments comprise three two-bedroom, one-bathroom units and three one-bedroom, one-bathroom units. Two units are currently vacant, while the occupied units command monthly rents of $725 (two-bedroom) and $650 (one-bedroom). Recent upgrades include a complete electrical rewiring with hardwired smoke and carbon monoxide detectors, new breaker panels in each unit, and updated windows. Each unit boasts its own furnace, electrical panel, and hot water tank. Rear parking is available. Laundry hookups are on-site. The property benefits from a central location with easy highway access, proximity to shopping, dining, and public transportation. This property presents a strong foundation for building a diversified investment portfolio. The asking price is $350,000.

Highlights

  • Mixed-use commercial property with retail and residential components.
  • Two retail units available.
  • Four residential units included.
  • Property is partially occupied.
  • Electrical system recently updated.
  • Each unit features a new breaker panel.

Property Details for 11702 Buckeye Rd

Property type
Mixed-use properties

Location Insight

City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.4807031
Longitude
-81.6017829
11702 Buckeye Rd, Cleveland, Ohio

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11702 Buckeye Rd
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