OH > Garfield Heights > Orchard Grove Allotment-G M Hick
Garfield Heights, OH 44105,7511 Jeffries AVE
Garfield Heights, OH 44105,7511 Jeffries AVE
Garfield Heights, OH 44105,7511 Jeffries AVE
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$265,000
Est. payment /mo
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4 Beds
2 Baths
6,660 SqFt
New

7511 Jeffries AVE Garfield Heights, OH 44105

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Mary Goudy

Mary Goudy

+1(740) 695-3131

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,660 sqft

Price per Sqft $39

Subdivision Orchard Grove Allotment/G M Hick

MLS Listing ID 5161605

Bedrooms 4

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 6,660

Year Built 1949

Annual Tax Amount $5,993

Tax Year 2024

Lot Size 0.850 Acres

Acres 0.85

Property Sub-Type Duplex

Stories One

Story One

Property Description

Attention investors!! Fully occupied duplex with oversized garages, receiving additional income! Raking in $3,800 per month(15% ROI), this property is the perfect addition to your portfolio. Unit A rented at $1,050 , Unit B at $1,250, and garage spaces at $1,500 per month (long term tenant). Each residential unit has undergone a comprehensive renovation, including: Brand new flooring, fresh paint, updated light fixtures and modern hardware, refinished ceilings, complete kitchen, bath remodels, new furnaces & hot water tanks, updated electrical panels, newer sump pump, numerous newer windows and newer Roof! Exterior highlights include durable vinyl siding, private entrances, and a partially fenced backyard. The property also boasts a large parking lot, with two dedicated spaces per residential unit, and additional open land at the rear offering added privacy and space. Residential Unit B - 2 beds/ 1 bath. Unit A - 2 beds. 1 bath) The commercial component consists of 3 garage bays (used as auto/mechanic shop) leased together at $1,500/month on a new five-year lease beginning June 1 with 3% annual increases. The garage also includes a private office, the tenant—who has been occupying the space for over six years—has expressed interest in staying on as PM for just $200/month. Each residential unit is separately metered, property will be delivered Point-of-Sale Compliant! Crushing a 20% cash on cash return, this is a highly desirable investment in a prime location!

Location

State OH

County Cuyahoga

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Parking Features Additional Parking, Attached, Detached, Garage, Parking Lot

Garage Spaces 6.0

Garage Description 6.0

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 546-38-042

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Northern Ohio Regional MLS (YES-MLS)
Listed by Armani Adames • Russell Real Estate Services • adamesarmani.aa@gmail.com, 216-370-8550

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Mary Goudy

Mary Goudy

REALTOR® , Director of Operations | License ID: 2004013627

+1(740) 695-3131

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7511 Jeffries AVE