5311 Magnet Avenue Cleveland, OH 44127
Discover a unique investment opportunity with this cash-flowing all-brick, four-unit apartment building alongside a profitable carwash business. Currently generating $3, 050/month in total income, it has a proforma projection of nearly $4, 000/month. It was also just recently awarded a Lead Safe Certification by the city of Cleveland – one less thing for an investor to think about! The units boast original hardwood floors and will need some additional cosmetic updating to achieve projected rents. Seize this unique opportunity to purchase a business AND small multifamily all in one transaction and continue diversifying and growing your Cleveland portfolio!
- Property TypeCommercial
- NeighborhoodCaleb & Mary D Morgans Sub
- CountyCuyahoga
- Taxes$1,982
- HOA/Condo/Coop Fees$0
- Days on Site20 Days
- MLS StatusActive
- MLS ID Number5027595
- Home Size Source Assessor
- Year Built1959
- Lot Size0.166 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 5311 Magnet Avenue Cleveland, OH 44127
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| 3 weeks ago |
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General Features
- Sewer Public Sewer
- Basement Unfinished
- Number of Stories 3Three Or More2
- Acreage 0.166
- Water Public
- Attached Garage No
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Hot WaterSteam
Exterior Features
- Roof Flat
- Waterfront Property No
Community Features
- Township Cleveland