Map
Listed price in listed location currency (USD).
$300,000

003

MLS® 5249428

Overview

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage Yes
Taxes $4,607
Days Active 46
Lot Size 0.1065 Acres
Approx. Age 1928
MLS® Number 5249428

Property Address: 560 E 200th St, Euclid, OH, 44119-1576

Average square foot calculated using Size range provided by listing agent.

Description

Mixed-use investment on Euclid's E 200th St commercial corridor. This two-story brick building has two street-level retail storefronts and three apartments on one title, giving you both residential and commercial income from a single asset. Apartment rents are $625–$649/mo, and the pro forma assumes $999/mo per storefront, for gross scheduled income of $46, 764/yr. Using 5% vacancy and 8% management, projected NOI is $27, 830, a 9.3% cap rate at list price. With 25% down at 7% on a 30-year loan, projected DSCR is 1.55 and cash-on-cash return is 13.2%. Retail space updated with new flooring and restroom. Full basement. On-site parking. Professionally managed. Rent roll and leases available to qualified buyers.
MLS® Number5249428
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1928
Basement
DrivewayAsphalt, Concrete, Detached, Garage, Off Street
Garage Spaces
HeatForced Air
A/CNone

Extras

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties