4439 State Rd 3,360 SF 100% Leased Retail Building Cleveland, OH 44109 $225,000 ($66.96/SF)

This fully vacant mixed-use asset is being offered at just $225,000 with a projected ARV of approximately $360,000 after modest improvements. With an estimated 12%+ cap rate, 25%+ cash-on-cash return, and multiple income streams to reduce risk, this is the type of opportunity investors search for but rarely find. Major capital items have already been addressed, allowing buyers to focus on lease-up rather than expensive mechanical replacements. Repairs are estimated at $25,000 and include adding/removing doors and updating the lower residential unit. Operating expenses estimated at a low 40% due to the commercial and residential tenants covering all of the utilities. Old Brooklyn is a fantastic rental market with rents up 15-20%, grant availability and high commercial occupancy at nearly 92%. Removal of the shed in back would provide 4 parking spots + driveway parking. ARV was calculated at an 8% cap rate at the refi.