Alyssa Wallace
REALTOR®
MLS#5255565
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONHoyt
SCHOOLCleveland Municipal - 1809
Property Description
Excellent investment opportunity to own a fully occupied, six-unit mixed-use property located on Lorain Avenue on Cleveland's west side, just minutes from downtown. This well-maintained building features three residential apartments and three commercial storefronts, providing a combination of residential and commercial rental income. All six spaces are currently occupied, generating $4,550 in monthly rental income and $54,600 in annual gross rental income. The residential apartments feature updated bathrooms and convenient in-unit laundry, while the property also offers a large fenced rear parking area. With established tenants, multiple income streams, and potential for future rental income growth, this property presents an excellent opportunity for investors looking to expand their real estate portfolio. Proof of funds or pre-approval may be required prior to scheduling. For additional information or to schedule a private showing, call or text Peter Spirollari at (216) 235-8297. AGENT OWNED - Peter Spirollari.
Property Features
Property Type: Commercial - Business
Basement: Yes
Basement: Full
Heating: Forced Air
Lot Size: 0.21 Acres
Taxes: $5,826 / year
Year Built: 1924
Feature Descriptions
Fencing: Chain Link
Parcel#: 006-11-018
Parking: Alley Access
Sewer: Public Sewer
Units: 6
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Century 21 Homestar
Agency Contact: petersold@gmail.com, 216-235-8297
Shown By
Agent Name: Alyssa Wallace
Agent Phone: (330) 880-3882
Agency Title: DeHOFF REALTORS
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7221 Lorain Avenue | MLS# 5255565
This commercial property located at 7221 Lorain Avenue, Cleveland, OH 44102 is currently listed for sale with an asking price of $425,000. Lorain Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on abrady.dehoff.com today.