560 E 200th Street

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.