483 260Th StEuclid, OH 44132

This exceptional mixed-use property in Euclid, Ohio presents a lucrative investment opportunity. Located on a corner lot at 483 E 260th Street, this three-parcel, three-building complex encompasses 9,983 square feet on a 0.01-acre lot. The property boasts eight units: five ground-level commercial spaces and three residential apartments. Currently, the property enjoys 75% occupancy, generating a monthly income of $7,200. Tenants are responsible for their individual utilities, with a portion of water/sewer costs added to their rent. There is one vacant commercial space (the smallest) and one vacant one-bedroom residential unit. Each commercial space features its own bathroom and basement access. Significant recent improvements include a complete repouring of the ample concrete parking area in the rear, a project costing over $60,000 a few years ago. This investment also includes a newly enclosed garbage area and updated electrical panels. The property benefits from its strategic location on East 260th Street, providing easy access to Route 2 and Lakeshore Boulevard. Nearby amenities include a new school, medical facilities, and shopping centers, ensuring a strong client base for commercial tenants. This property offers a blend of stable income and significant upside potential for a savvy investor. The asking price is $485,000.