Listed By
Agency Name: Smartland, LLC.
Agency Contact: 440-374-8403, realty@smartland.com
Shown By
Agent Name: Pattison Group
Agent Phone: (614) 288-4287
Agency Title: Cutler Real Estate
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Property Description
Mixed-use investment on Euclid's E 200th St commercial corridor. This two-story brick building has two street-level retail storefronts and three apartments on one title, giving you both residential and commercial income from a single asset. Apartment rents are $625-$649/mo, and the pro forma assumes $999/mo per storefront, for gross scheduled income of $46,764/yr. Using 5% vacancy and 8% management, projected NOI is $27,830, a 9.3% cap rate at list price. With 25% down at 7% on a 30-year loan, projected DSCR is 1.55 and cash-on-cash return is 13.2%. Retail space updated with new flooring and restroom. Full basement. On-site parking. Professionally managed. Rent roll and leases available to qualified buyers.
Property Features
Property Type: Commercial - Retail
Basement: Yes
Cooling: None
Days on Market: 2
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Built-Up, Composition, Tile
Stories: 2.0
Taxes: $4,607 / year
Year Built: 1928
Feature Descriptions
Building Features: Private Restrooms
Fencing: None
Parcel#: 641-15-026
Parking: Asphalt, Concrete, Detached, Garage, Off Street
Sewer: Public Sewer
Units: 5
Water: Public
Local Schools
School District: Euclid City
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560 E 200th Street | MLS# 5249428
This commercial property located at 560 E 200th Street, Euclid, OH 44119 is currently listed for sale with an asking price of $300,000. E 200th Street is located within the Euclid City school district. Search Euclid real estate on www.pattisonrealestate.com today.