18
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$399,900
Est. payment /mo
6,429 Sqft Lot
Active
15557 Lake Shore BLVD Cleveland, OH 44110
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Cody
MLS Listing ID 5217231
HOA Y/N No
Year Built 1900
Annual Tax Amount $6,701
Tax Year 2025
Lot Size 6,429 Sqft
Acres 0.1476
Property Sub-Type Retail
Property Description
FULLY OCCUPIED Spacious mixed-use investment opportunity offering strong cash flow and long-term upside. This well-maintained property features three residential units and two commercial storefronts, creating a diversified income stream for investors seeking stability and growth. The residential component includes two 2-bedroom units and one 1-bedroom unit, while the commercial spaces provide additional income from established tenants. With current rents generating over $54,000 in gross annual income and an estimated 9% cap rate at the asking price, this property presents an attractive opportunity for both seasoned investors and those looking to add a solid performing asset to their portfolio. The units have been well cared for, helping minimize immediate capital expenditures while providing reliable income from day one. Adding to its appeal, the property offers rear lake views, providing a unique feature rarely found in mixed-use properties and enhancing tenant appeal. Conveniently located near local amenities, shopping, dining, and major transportation routes, this property is positioned to continue attracting both residential and commercial tenants. Whether you're looking to expand your portfolio or secure a cash-flowing asset with a strong return, this mixed-use building deserves a closer look. SELLING AS-IS
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Roof Type Flat
Present Use Multi-Family,Retail
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 112-14-025
Special Listing Condition Standard
Listed by Jermaine R Burge • Keller Williams Greater Metropolitan • jburge@kw.com, 216-215-5727
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