560 E 200th StreetEuclid, OH 44119

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 Information

Property type

Commercial Sale

Sub-type

Retail

Year built

1928

Stories

2

Building area

3,645 Sq Ft

Lot size

0.11 acres

Parking spaces

3

Days on market

4

MLS^® Listing#

5249428

Property Features

Cooling

None

Heating

Forced Air

Parking

Asphalt · Concrete · Detached · Garage · Off Street

Fencing

None

Foundation

Block

Roof

Built-Up · Composition · Tile

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$4,607Tax year 2025

Parcel number

641-15-026

Directions

From Lake Shore Blvd, head south on E 200th St. Property is on the right (west side), just past Monterey Ave.