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Off market
  • $553,500

    4730-4732 Detroit Rd, Sheffield Village, OH 44035

    12beds
    --sqft
    MultiFamily
    Built in ----
    -- sqft lot
    $553,500 Zestimate®
    $--/sqft
    $930 Estimated rent

    What's special

    THREE ADJACENT DUPLEXES IN SHEFFIELD VILLAGE FOR SALE ON COMMERCIAL CORNER with two continuous entrances/exits on Detroit Rd. and Gulf Rd. as highlighted in photos (zillow would only allow one address for listing heading, highlighted all three parcels in first photo) *Below are the three duplexes addresses. Please note, they are located in Sheffield Village right down the street from Avon, as shown on main photo map. Elyria zip code for mailing purposes only. 4730-4732 DETROIT RD. SHEFFIELD VILLAGE, OH 44035 5309-5311 GULF RD. SHEFFIELD VILLAGE, OH 44035 5317-5319 GULF RD. SHEFFIELD VILLAGE, OH 44035 RARE INVESTMENT OPPORTUNITY three duplexes on their own parcels/six side by side units with two entrances/exits on a commercial corner in Sheffield Village (Detroit Rd. & Gulf Rd.) Excellent, safe and secure location with ease of access to major highways: I-90/Rt. 2, Ohio Turnpike, Rt. 57, parks, college, major shopping, etc. one of the highest traveled intersections in Lorain County. Located halfway between downtown Cleveland and Cedar Point-thirty minutes to each. 2.5 total acres in park like setting, long term tenants with no occupancy issues as units have been available. Asking $599,000 for all three properties combined. Total annual rental income for all units is $53,100 with increased opportunity utilizing the five car detached garage (approx. 1200 sq ft.) as a rental or operating your own business from.  Second owner from the original family friend who built the units. Purchased in 1999 and all completely gone over: new roofs, new furnaces/air conditioning units, all plumbing and electrical upgraded, remodeled and properly maintained by our family over the years. All units are natural gas heat with central air conditioning, Sheffield Village water with septic system, very low utilities/cost of living for tenants. Appliances included with all units. 4730-4732 Detroit Road Sheffield Village, OH 44035 (2288 sq ft. built in 1973) is an all brick townhouse style side by side duplex on a slab-no basement. It is 2 bed 1.5 bath with attached laundry in half bath, both sides are completely modernized and renovated with new granite kitchens, bathrooms redone, commercial windows, flooring, block firewall between units, drywall all in excellent shape, one side opened up kitchen wall-the other left original layout. Laminate wood flooring or vinyl, berber carpet in both units. It comes with detached three car garage which is divided into 1.5 car garages with each tenant's lease. It also has a five car detached garage approximately 1200 sq ft currently used for storage of owners or renting out individual bays. Outdoor gazebo kept up as well for tenants. 5309-5311 Gulf Rd. Sheffield Village, OH 44035 (1920 sq ft. built in 1952) 5317-5319 Gulf Rd. Sheffield Village, OH 44035 (1952 sq ft. built in 1956) Are both side by side units with two bedrooms up and one full bath. Both have clean basements with laundry. One car detached garage with each unit.  Each unit varies with tile or laminate flooring, berber carpet in living rooms and up the stairs, original hardwood floors in bedrooms. Original plaster walls and varnish woodwork in very good condition. As a family we have maintained these properties for the past 22 years and we are looking to pass it on. Patriarch of family has been a landlord for 45 years owning several rentals, land and building personal homes. Will be available to answer all questions please contact Glenn at 440-988-2211, serious inquiries only.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 8
    • Full bathrooms: 6
    • 1/2 bathrooms: 2
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dryer, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Carpet, Hardwood, Laminate, Linoleum / Vinyl

    Property

    Parking
    • Parking features: Garage - Detached, Off-street
    Features
    • Exterior features: Vinyl, Brick
    • Has view: Yes
    • View description: Park

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Shake / Shingle

    Community & neighborhood

    Location
    • Region: Sheffield Village
    Services availability
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    Estimated market value

    $553,500

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $553,500