Mixed-Use Asset | 2 Apts & 4 Commercial Spaces
Fully Occupied | Value-Add Potential
Marketing description
Incredible opportunity to acquire a fully occupied mixed-use property on East 185th Street in Cleveland, Ohio, just outside of Euclid. This cash-flowing asset features four commercial storefronts and a duplex on the same lot, with all units currently leased. The commercial spaces are slightly under market rent, each averaging $750/month, offering immediate upside on renewals. The duplex consists of two one-bedroom, one-bath units—one leased at $625/month through 11/30/2025, and the other at $575/month through 7/31/2026. A brand-new roof is being installed on the commercial building, reducing future capital expenditures for the new owner. Based on current financials, the property is operating at an 8%+ cap rate, with a clear path to double-digit returns through modest rent increases. This is a rare, low-maintenance, income-producing asset in a high-visibility location ideal for any investor seeking strong in-place cash flow with value-add potential.
Investment highlights
Fully Occupied Mixed-Use Asset!
Immediate cash flow in a high-traffic corridor just outside Euclid
Four commercial storefronts & a duplex
Value-add upside – Commercial units renting below market, offering a clear path to increased income
Operating at a current 8%+ CAP with potential for double-digit returns
Proforma CAP - 11.4%
New roof being installed on the commercial building - reducing future capital expenses
Strong tenant demand location
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