OH > Cleveland
Cleveland, OH 44113,801 Literary RD
Cleveland, OH 44113,801 Literary RD
Cleveland, OH 44113,801 Literary RD
Cleveland, OH 44113,801 Literary RD
Cleveland, OH 44113,801 Literary RD
Cleveland, OH 44113,801 Literary RD
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Nicole Ward

Nicole Ward

+1(330) 807-1303
$ 1,450,000
Est. payment | /mo

1,960 Sqft Lot

Save
$ 1,450,000
Est. payment | /mo
Save

1,960 Sqft Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5034263

HOA Y/N No

Year Built 1913

Annual Tax Amount $13,965

Tax Year 2023

Lot Size 1,960 Sqft

Acres 0.045

Property Description

Welcome to your next investment opportunity in the heart of Cleveland's historic Tremont neighborhood! This versatile commercial property presents a unique chance to capitalize on its prime location and potential for multiple income streams. Currently configured as a single apartment and a bustling hair salon, this property offers the flexibility to be transformed into three living units, each with its own separate HVAC systems already in place. The ground floor houses the salon, equipped with six styling stations, a bathroom, and a kitchen/break area. With minimal renovation, the back of the salon could easily be converted into a standalone unit featuring a bedroom, kitchen, full bathroom, and convenient washer/dryer hookups. Ascending to the second floor, you'll find a stylishly updated apartment showcasing a modern industrial aesthetic. The spacious layout includes a stunning kitchen, inviting living room, laundry room, and two bedrooms, complemented by two bathrooms. The crowning jewel awaits on the third floor, boasting a luxurious master bedroom with an en-suite bathroom featuring heated floors. The option to enclose the soffit and establish a distinct unit on this level further enhances the property's allure and value. Enjoy the luxury of three balconies offering picturesque views of downtown Cleveland, providing the perfect backdrop for relaxation and entertainment. Six parking spaces are included, enhancing accessibility for tenants. Currently, the salon commands a rental income of $2,892, while the apartment generates $3,914, with both rents increasing by a steady 3% annually. Whether you're an investor seeking multiple revenue streams or a homeowner looking to offset mortgage costs, this property presents an exceptional opportunity to capitalize on the vibrant Tremont neighborhood's ever-growing demand for residential and commercial spaces. Don't miss out on making this your next successful venture!

Location

State OH

County Cuyahoga

Rooms

Basement Partially Finished

Interior

Heating Forced Air

Fireplace No

Exterior

Waterfront No

Water Access Desc Public

Present Use Mixed Use,Retail

Total Parking Spaces 6

Building

Foundation Basement

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 004-16-071

Security Features Security System

Special Listing Condition Standard

Listed by Christopher Trivisonno • Keller Williams Living • cj@trivteam.com 440-941-3854
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(330) 807-1303

nicole@thekeygroupohio.com

8750 Cleveland Ave NW, North Canton, Ohio, 44720-8207, USA

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801 Literary RD