Vision Sales Team

10018 Lorain Avenue

Cleveland, OH 44111

MLS#: 5257276

$395,000

Status: Active
Listing number: 5257276
Listing provided by: Glasshouse Realty Group, LLC
Listing agent phone: None
Last update: 49 minutes ago
New on site today
Browse Properties
Wensink - Residential Income

Property

Beds

6

Full Baths

4

1/2 Baths

2

Year Built

1920

Sq.Footage

N/A

**Exceptional Income-Producing Investment Opportunity!** Welcome to 10018 Lorain Avenue, a mixed-use investment property offering immediate cash flow and additional income potential in Cleveland! This approximately 10,056-square-foot property features 4 updated residential apartments and 3 commercial storefronts, providing investors with multiple revenue streams under one roof. All four residential apartments have been updated and are currently occupied by HUD-assisted tenants, offering an established rental history and housing assistance payments. Two of the three commercial spaces are also occupied, bringing the property's current gross rental income to approximately $5,700 per month, or $68,400 annually! Looking to maximize your return? The third commercial storefront presents an excellent value-add opportunity! With minor cosmetic improvements, including fresh paint, flooring, and updated fixtures, this vacant space has the potential to be tenant-ready and generate additional monthly income. Strategically positioned along Cleveland's Lorain Avenue corridor, the property offers excellent street visibility, convenient access to major highways, public transportation, shopping, and surrounding businesses. Its combination of residential and commercial units makes it an attractive addition to any investment portfolio. Whether you're a seasoned investor looking to expand your holdings or a first-time investor seeking an established income-producing asset, this property offers the perfect combination of immediate rental income and future growth potential. **Six of seven units currently occupied, approximately $5,700 in monthly gross rental income, and one additional commercial space ready for your vision!** Opportunities like this don't come around often. Schedule your private showing today and discover the income potential of 10018 Lorain Avenue!

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    4

  • 1/2 Bathrooms

    2

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Other

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Asphalt

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.1983

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $395,000

  • Tax Amount

    $8,483.06

  • Financing Options

    Cash, Conventional

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Cleveland Municipal - 1809

  • Middle School

    Cleveland Municipal - 1809

  • High School

    Cleveland Municipal - 1809

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Cuyahoga

Elementary School

Cleveland Municipal - 1809

Middle School

Cleveland Municipal - 1809

High School

Cleveland Municipal - 1809

Listing Courtesy of Kylah Anthony, Glasshouse Realty Group, LLC

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Agent Shelby Humpal

AGENT

Shelby Humpal

Call Shelby today to schedule a private showing.

(440) 321-8376

Shelby@VisionSalesTeam.com


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**Exceptional Income-Producing Investment Opportunity!** Welcome to 10018 Lorain Avenue, a mixed-use investment property offering immediate cash flow and additional income potential in Cleveland! This approximately 10,056-square-foot property features 4 updated residential apartments and 3 commercial storefronts, providing investors with multiple revenue streams under one roof. All four residential apartments have been updated and are currently occupied by HUD-assisted tenants, offering an established rental history and housing assistance payments. Two of the three commercial spaces are also occupied, bringing the property's current gross rental income to approximately $5,700 per month, or $68,400 annually! Looking to maximize your return? The third commercial storefront presents an excellent value-add opportunity! With minor cosmetic improvements, including fresh paint, flooring, and updated fixtures, this vacant space has the potential to be tenant-ready and generate additional monthly income. Strategically positioned along Cleveland's Lorain Avenue corridor, the property offers excellent street visibility, convenient access to major highways, public transportation, shopping, and surrounding businesses. Its combination of residential and commercial units makes it an attractive addition to any investment portfolio. Whether you're a seasoned investor looking to expand your holdings or a first-time investor seeking an established income-producing asset, this property offers the perfect combination of immediate rental income and future growth potential. **Six of seven units currently occupied, approximately $5,700 in monthly gross rental income, and one additional commercial space ready for your vision!** Opportunities like this don't come around often. Schedule your private showing today and discover the income potential of 10018 Lorain Avenue!

10018 Lorain Avenue

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