3711 W 140th Street Cleveland, OH 44111
Mixed Use
MLS #: 5132456
Courtesy Of Lokal Real Estate, LLC
Property InformationDescription
VALUE-ADD MIXED-USE OPPORTUNITY | 3711 W. 140th St, Cleveland, OH 44111 | $285,000
Investor special. Unlock the full potential of this solid brick mixed-use building located in the heart of Cleveland s West Side. Featuring three residential apartments and two commercial units, this property offers significant upside through rental increases and commercial build-out.
(2) Two-bedroom, one-bath units currently renting at $800 and $900 per month
(1) One-bedroom unit currently rented at $500 per month
(1) Finished office space ready to lease
(1) Retail storefront needs build-out, ideal for small business or retail tenant
Residential rents are well below market, offering immediate upside by aligning with HUD Fair Market Rents ($1,065 for two-bedroom units and $864 for one-bedroom units). The commercial units offer strong cash flow potential once leased, with estimated rents at $12 14 per square foot annually.
Pro forma cap rate exceeds 12% when stabilized. Ideal for owner-occupants or investors seeking value-add income. Zoned for mixed-use with excellent visibility and foot traffic. Conveniently located near I-71, public transportation, and local amenities.
Do not miss this opportunity to acquire a flexible, income-producing asset in a strong rental corridor. Schedule your showing today.
Investor special. Unlock the full potential of this solid brick mixed-use building located in the heart of Cleveland s West Side. Featuring three residential apartments and two commercial units, this property offers significant upside through rental increases and commercial build-out.
(2) Two-bedroom, one-bath units currently renting at $800 and $900 per month
(1) One-bedroom unit currently rented at $500 per month
(1) Finished office space ready to lease
(1) Retail storefront needs build-out, ideal for small business or retail tenant
Residential rents are well below market, offering immediate upside by aligning with HUD Fair Market Rents ($1,065 for two-bedroom units and $864 for one-bedroom units). The commercial units offer strong cash flow potential once leased, with estimated rents at $12 14 per square foot annually.
Pro forma cap rate exceeds 12% when stabilized. Ideal for owner-occupants or investors seeking value-add income. Zoned for mixed-use with excellent visibility and foot traffic. Conveniently located near I-71, public transportation, and local amenities.
Do not miss this opportunity to acquire a flexible, income-producing asset in a strong rental corridor. Schedule your showing today.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Heating System: Forced Air
- Legal Description: 11 GRWEST 0172 WP
- MLSID: 5132456
MAP & DIRECTIONS
Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. 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.
