5007 Clark AVE, Cleveland, OH 44102
5007 Clark AVE, Cleveland, OH 44102
5007 Clark AVE, Cleveland, OH 44102
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Andy Boldry

Andy Boldry

eXp Realty

+1(330) 461-5251
$309,000
Est. payment /mo
4 Beds
4 Baths
2,785 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,785 sqft

Price per Sqft $110

Subdivision James Hoyts

MLS Listing ID 5254812

Bedrooms 4

Full Baths 2

Half Baths 2

HOA Y/N No

Abv Grd Liv Area 2,785

Year Built 1910

Annual Tax Amount $3,472

Tax Year 2025

Lot Size 5,000 Sqft

Acres 0.1148

Property Sub-Type Quadruplex

Property Description

This mixed-use building is an excellent investment opportunity! This fully occupied, income-producing mixed-use property features 2 commercial storefronts & 2 residential apartments, generating $3,600/mo in gross rental income! Both storefronts are leased to the same company, operating a barbershop & retail store, for a combined $1,100/mo. With estimated market rents of $800–$900 per storefront, investors have potential to increase future income! Each residential unit offers 2 bedrooms, 1 full bathroom, a spacious living room, functional kitchen & adjoining dining area. Both apartments have stable tenants paying $1,250/mo each, providing immediate cash flow. Extensive renovations include newer windows, updated flooring, fresh paint, appliances, new washers & dryers, newer furnaces & hot water tanks, upgraded electrical panels & service, new sewer lines & a roof approximately one year old! The basement provides additional storage & potential value-add opportunities. A privacy fence separates tenants' backyard spaces, plus 4 rear parking spaces provide convenient off-street parking. With dependable occupancy, multiple income streams & major improvements already completed, this property offers a compelling blend of current cash flow & future upside. Separate residential & commercial spaces offer flexibility for long-term leasing strategies, adding to this property's investment appeal. Conveniently located on Cleveland's West Side near I-90, I-71 & I-490, MetroHealth Main Campus, public transportation, schools, shops, parks, restaurants & everyday amenities. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Don't miss the chance to expand your portfolio with this renovated, fully occupied mixed-use investment! Schedule your showing! No wholesalers. No Seller financing. No low ball offers.

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Forced Air

Cooling None

Fireplace No

Laundry Laundry Room, In Unit

Exterior

Parking Features Parking Lot

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 016-11-048

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Michael Azzam • RE/MAX Haven Realty • mike@theazzamgroup.com, 216-446-7606
Andy Boldry
Andy Boldry

Agent License ID: SAL.2019005712

+1(330) 461-5251 | andrew.boldry@exprealty.com

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5007 Clark AVE