7511 Jeffries AVE Active Save Request In-Person Tour Request Virtual Tour
Garfield Heights,OH 44105
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,600 sqft
Price per Sqft $37
Subdivision Orchard Grove Allotment/G M Hick
MLS Listing ID 5122248
Bedrooms 8
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 6,600
Year Built 1949
Annual Tax Amount $5,191
Tax Year 2023
Lot Size 0.850 Acres
Acres 0.85
Property Sub-Type Duplex
Property Description
Discover this exceptional, income-generating property that offers both stability potential for growth. This meticulously updated mixed-use asset features two fully renovated residential units (side-by-side duplex) and three commercial garage spaces currently leased to a long-term tenant—all generating a total of $3,750 in monthly rent (well over 20% cash on cash)! 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, + a partially fenced backyard. The property also boasts a large parking lot, w/two dedicated spaces per residential unit, and additional open land at the rear offering added privacy—an ideal feature on a quiet dead-end street. Residential Unit B includes a refreshed basement with generous storage + is currently rented on a 1-year lease at $1,250/month starting May 15. Residential Unit A is rent-ready and currently vacant, offering the flexibility to place your own tenant. (A prospective tenant is already identified and ready to pay $1,000/mo. if the buyer chooses.) 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, representing approximately 5% of gross income. Each residential unit is separately metered, + property will be delivered Point-of-Sale Compliant! Zoned commercial. With proximity to parks, major highways, healthcare facilities, retail, dining, + recreation, this is a highly desirable investment in a prime location!
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Gas
Cooling None
Fireplace No
Exterior
Parking Features Parking Lot
Garage Spaces 3.0
Garage Description 3.0
Fence Chain Link,Partial
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories One
Schools
School District Garfield Heights Csd - 1815
Others
Tax ID 546-38-042
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard