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Taylor Walker Building 2201 N Taylor Rd 11,845 SF 100% Leased Retail Building Cleveland Heights, OH 44112 $650,000 ($54.88/SF) 11% Cap Rate



EXECUTIVE SUMMARY
Incredible investment opportunity in desirable Cleveland Heights! CAP RATE 11%! Well maintained 11 unit brick mixed use building raking in income. 5 commercial units and 6 residential made up of 3 - 1 bedroom units and 3 - 2 bedroom units. ONLY 1 VACANCY! Great opportunity for investors to add to their portfolio, or first time investors to take advantage of the lucrative cash flow. Located in a desirable and growing area with easy access to public transportation and major highways. The neighborhood offers a variety of dining, shopping, and entertainment options, making it an attractive location for tenants. Current gross rent is at $7,875. Vacant commercial unit has a potential of $1,300 putting income at over $9,000 monthly. Overall, this is an excellent investment opportunity with great potential for income and appreciation. Don't miss your chance to own this fantastic property in a desirable location! Hurry this will not last long! Contact agent for income/expenses.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
11,845 SF
Building Class
C
Year Built
1915
Price
$650,000
Price Per SF
$54.88
Cap Rate
11%
NOI
$71,500
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.75
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
C2
Parking
14 Spaces (1.18 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 681-08-027 | Improvements Assessment | $125,405 |
| Land Assessment | $19,215 | Total Assessment | $144,620 |
PROPERTY TAXES
Parcel Number
681-08-027
Land Assessment
$19,215
Improvements Assessment
$125,405
Total Assessment
$144,620
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Taylor Walker Building | 2201 N Taylor Rd
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