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About This Home
This 0-bedroom, 0-bathroom single family at 8403 Detroit Avenue in Cleveland, OH is listed for $789,000. Built in 1910, on a 0.09 acres lot.
Turnkey mixed-use investment opportunity in the highly desirable Detroit Shoreway neighborhood. This fully renovated property features 5 residential units and 3 occupied retail storefronts, generating $109,200 in annual income with a strong NOI of $95,603 (12.1% cap rate).*Residential units include 3 one-bedroom apartments and 2 efficiency units, all leased with stable tenancy through 2026-2027.
Retail spaces are fully occupied with leases in place through 2026 and 2028, providing consistent commercial income.* The building has been extensively updated with a new roof, HVAC systems, updated electrical and plumbing, and fully renovated interiors, resulting in minimal deferred maintenance. Tenants pay utilities, keeping operating expenses low. Located just minutes from Edgewater Park with easy access to downtown Cleveland and major highways.
Key Features
- Built in 1910
- 0.09 acre lot
Property Details
Monthly Cost Estimate
$5,620/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
8403 Detroit Avenue
Cleveland, OH 44102
Property Details
Heating
Questions & Answers
This 0-bedroom, 0-bathroom single family at 8403 Detroit Avenue is listed at $789,000. The estimated monthly payment is $4,819 based on 20% down at 6.5% interest.
HOA fees are $1400/month.
Key features include: Built in 1910, 0.09 acre lot.
This property is listed by Angela P Giarikos and can be reached at 2165980039 or angiarikos@gmail.com.
