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7511 Jeffries AVE Garfield Heights, OH 44105
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Key Details
Sold Price $209,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,660 sqft
Price per Sqft $31
Subdivision Orchard Grove Allotment/G M Hick
MLS Listing ID 5210254
Sold Date 06/02/26
Bedrooms 8
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 6,660
Year Built 1949
Annual Tax Amount $5,799
Tax Year 2025
Lot Size 0.850 Acres
Acres 0.85
Property Sub-Type Duplex
Stories One
Story One
Property Description
Attention investors!! Fully occupied duplex with oversized garages, receiving additional income! Raking in $3,850 per month (20% ROI!!), this property is the perfect addition to your portfolio. Unit A rented at $1,100, Unit B at $1,250, and garage spaces at $1,500 per month (long term tenant). 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 sub pump, numerous newer windows. Exterior highlights include durable vinyl siding, private entrances, and a partially fenced backyard. The property also boasts a large parking lot, with two dedicated spaces per residential unit, and additional open land at the rear offering added privacy and space. Residential Unit B - 2 beds/ 1 bath. Unit A - 2 beds/1 bath) The commercial component consists of 3 garage bays 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 eight years-has expressed interest in staying on as PM for just $200/month. Each residential unit is separately metered, property will be delivered Point-of-Sale Compliant! Crushing a 20% cash on cash return, this is a highly desirable investment in a prime location!
Location
State OH
County Cuyahoga
Rooms
Basement Partial, Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Parking Lot
Garage Spaces 6.0
Garage Description 6.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories One
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 546-38-042
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Rakesh Baniya • Cleveland Property Management Group, LLC.
NEARBY SCHOOLS & BUSINESSES
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