7511 Jeffries Avenue Garfield Heights, OH 44105
Listing Courtesy of: YES MLS / Coldwell Banker Schmidt Realty / Leilani Bowersock - Contact:  leilani7b@gmail.com 440-570-9514

  7511 Jeffries Avenue Garfield Heights, OH 44105

Active (8 Days)
$250,000
8
BED
2
BATH
6,600
SQFT

Description

Discover this exceptional, income-generating property that offers both stability potential for growth. This meticulously updated mixed-use asset features two fully renovated residential units (side-by-side duplex) and three commercial garage spaces currently leased to a long-term tenant—all generating a total of $3,750 in monthly rent (well over 20% cash on cash)! 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 sump pump, Numerous newer windows and Newer Roof! Exterior highlights include durable vinyl siding, private entrances, + a partially fenced backyard. The property also boasts a large parking lot, w/two dedicated spaces per residential unit, and additional open land at the rear offering added privacy—an ideal feature on a quiet dead-end street. Residential Unit B includes a refreshed basement with generous storage + is currently rented on a 1-year lease at $1,250/month starting May 15. Residential Unit A is rent-ready and currently vacant, offering the flexibility to place your own tenant. (A prospective tenant is already identified and ready to pay $1,000/mo. if the buyer chooses.) The commercial component consists of 3 garage bays (used as auto/mechanic shop) 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 six years—has expressed interest in staying on as PM for just $200/month, representing approximately 5% of gross income. Each residential unit is separately metered, + property will be delivered Point-of-Sale Compliant! Zoned commercial. With proximity to parks, major highways, healthcare facilities, retail, dining, + recreation, this is a highly desirable investment in a prime location!

MLS #:
5122248
Taxes
$5,191(2023)
Lot Size
0.85 acres
Type
Multifamily
Year Built
1949
School District
Garfield Heights Csd - 1815
County
Cuyahoga County
Community
Orchard Grove Allotment/G M Hick

Listed By

Leilani Bowersock, Coldwell Banker Schmidt Realty, Contact: leilani7b@gmail.com 440-570-9514
Source
YES MLS
Last checked May 21 2025 at 10:01 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
Subdivision
  • Orchard Grove Allotment/G M Hick
Heating and Cooling
  • Gas
Basement Information
  • Unfinished
Exterior Features
  • Roof: Asphalt
  • Roof: Fiberglass
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Parking
  • Parking Lot
Stories
  • 1
Living Area
  • 6,600 sqft
Additional Information: Schmidt Realty | leilani7b@gmail.com 440-570-9514
Location
   
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Disclaimer: Copyright 2025 YES MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/21/25 03:01