9
See all 9 photos
$395,000
Est. payment /mo
8,637 Sqft Lot
New
10018 Lorain AVE Cleveland, OH 44111
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Wensink
MLS Listing ID 5256749
HOA Y/N No
Year Built 1920
Annual Tax Amount $8,483
Tax Year 2025
Lot Size 8,637 Sqft
Acres 0.1983
Property Sub-Type Mixed Use
Property Description
**Exceptional Income-Producing Investment Opportunity!** Welcome to 10018 Lorain Avenue, a mixed-use investment property offering immediate cash flow and additional income potential in Cleveland!
This approximately 10,056-square-foot property features 4 updated residential apartments and 3 commercial storefronts, providing investors with multiple revenue streams under one roof. All four residential apartments have been updated and are currently occupied by HUD-assisted tenants, offering an established rental history and housing assistance payments. One of the three commercial spaces are also occupied, bringing the property's current gross rental income to approximately $5,700 per month, or $68,400 annually!
Looking to maximize your return? The third commercial storefront presents an excellent value-add opportunity! With minor cosmetic improvements, including fresh paint, flooring, and updated fixtures, this vacant space has the potential to be tenant-ready and generate additional monthly income.
Strategically positioned along Cleveland's Lorain Avenue corridor, the property offers excellent street visibility, convenient access to major highways, public transportation, shopping, and surrounding businesses. Its combination of residential and commercial units makes it an attractive addition to any investment portfolio.
Whether you're a seasoned investor looking to expand your holdings or a first-time investor seeking an established income-producing asset, this property offers the perfect combination of immediate rental income and future growth potential.
**Five of seven units currently occupied, approximately $5,700 in monthly gross rental income, and one additional commercial space ready for your vision!**
Opportunities like this don't come around often. Schedule your private showing today and discover the income potential of 10018 Lorain Avenue!
This approximately 10,056-square-foot property features 4 updated residential apartments and 3 commercial storefronts, providing investors with multiple revenue streams under one roof. All four residential apartments have been updated and are currently occupied by HUD-assisted tenants, offering an established rental history and housing assistance payments. One of the three commercial spaces are also occupied, bringing the property's current gross rental income to approximately $5,700 per month, or $68,400 annually!
Looking to maximize your return? The third commercial storefront presents an excellent value-add opportunity! With minor cosmetic improvements, including fresh paint, flooring, and updated fixtures, this vacant space has the potential to be tenant-ready and generate additional monthly income.
Strategically positioned along Cleveland's Lorain Avenue corridor, the property offers excellent street visibility, convenient access to major highways, public transportation, shopping, and surrounding businesses. Its combination of residential and commercial units makes it an attractive addition to any investment portfolio.
Whether you're a seasoned investor looking to expand your holdings or a first-time investor seeking an established income-producing asset, this property offers the perfect combination of immediate rental income and future growth potential.
**Five of seven units currently occupied, approximately $5,700 in monthly gross rental income, and one additional commercial space ready for your vision!**
Opportunities like this don't come around often. Schedule your private showing today and discover the income potential of 10018 Lorain Avenue!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 005-19-007
Acceptable Financing Conventional, Contract
Listing Terms Conventional, Contract
Special Listing Condition Standard
Listed by Kylah Anthony • Glasshouse Realty Group, LLC • kylah.asacoxhomes@gmail.com, 216-785-5576
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