2201 N Taylor Rd - Storefront Retail/Residential FOR SALE


Cleveland Heights, OH 44112- Monticello-Noble
$650,000 USD
2201 N Taylor Rd, Cleveland Heights, OH for Sale
$650,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | 11% Cap Rate

2201 N Taylor Rd
Cleveland Heights, OH 44112
Monticello-Noble


OVERVIEW

Incredible investment opportunity in desirable Cleveland Heights! CAP RATE 11%! Well maintained 11 unit brick mixed use building raking in income. 5 commercial units and 6 residential made up of 3 - 1 bedroom units and 3 - 2 bedroom units. ONLY 1 VACANCY! Great opportunity for investors to add to their portfolio, or first time investors to take advantage of the lucrative cash flow. Located in a desirable and growing area with easy access to public transportation and major highways. The neighborhood offers a variety of dining, shopping, and entertainment options, making it an attractive location for tenants. Current gross rent is at $7,875. Vacant commercial unit has a potential of $1,300 putting income at over $9,000 monthly. Overall, this is an excellent investment opportunity with great potential for income and appreciation. Don't miss your chance to own this fantastic property in a desirable location! Hurry this will not last long! Contact agent for income/expenses.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

11%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taylor Walker Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,711 SF

ZONING

C2

APN/PARCEL ID

681-08-027

ASK ABOUT THIS PROPERTY

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