10018 Lorain Avenue Cleveland, OH 44111

Property Description

**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!

Property Features

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