Listed By
Agency Name: RE/MAX Above & Beyond
Agency Contact: adamesarmani.aa@gmail.com, 216-370-8550
Shown By
Agent Name: Steve Burgess
Agent Phone: (330) 327-3393
Agency Title: Cutler Real Estate
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Property Description
Exceptional investment opportunity in the heart of Cleveland! This mixed-use 17-unit property offers immediate cash flow with substantial upside potential. Currently generating approximately $36,000 per month ($432,000 annually) while operating at only 65% occupancy, this asset presents a rare value-add opportunity for investors looking to increase returns through lease-up, updates, and operational optimization. The property features a strong mix of residential and commercial space, including a fully operational laundromat business that is included in the sale?providing an additional, stable income stream for the next owner. With significant room to grow occupancy and rents, this property is ideally positioned for both seasoned investors and portfolio expansion. High visibility location, multiple income sources, and impressive in-place revenue make this a standout opportunity in Cleveland's thriving investment market. Whether you are seeking long-term cash flow, appreciation potential, or a turnkey mixed-use asset with built-in upside, this property delivers on all fronts.
Property Features
Property Type: Commercial - Business
Basement: Yes
Basement: Full, Unfinished
Cooling: Central Air
Heating: Forced Air
Lot Size: 0.55 Acres
Roof Type: Asphalt, Fiberglass, Flat
Taxes: $13,952 / year
Year Built: 1927
Feature Descriptions
Parcel#: 116-19-005
Parking: Parking Lot
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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18621 Saint Clair Avenue | MLS# 5201618
This commercial property located at 18621 Saint Clair Avenue, Cleveland, OH 44110 is currently listed for sale with an asking price of $1,900,000. Saint Clair Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.steveburgessre.com today.