Investment Opportunity! Brick 5-Unit Commercial Storefront Building With Apartments | Euclid, OH | KIKO Auctions and Auctioneers
Kiko Auctions Logo
Realtors • Auctioneers • Advisors
1 560 E 200th St
Euclid, OH 44119

Investment Opportunity! Brick 5-Unit Commercial Storefront Building With Apartments

Thursday, May 16, 2019 - 12:00 PM   -   Real Estate Sells at: 12:00 PM
previous photonext photo
auction flyer
auction map
Income-Producing Property
Investment Opportunity!
Brick 5-Unit Commercial Storefront
Building With Apartments
Cuyahoga County – Euclid City
Absolute auction, sells to the highest bidders on location:
560 E. 200th St., Euclid, OH 44119
Directions: Take I-90 east of Cleveland to the 182B exit towards E. 200th St. then left to auction.
Real estate features 3,990 sq. ft. two-story brick building built in 1928. Main level has two large open store fronts, one having barber shop as tenant. Attached one-bedroom apartment efficiency at the rear. Basement for storage and half bath. Second level has two apartments with two bedrooms, full bath, kitchen and living room. Concrete driveway with brick 2.5-car garage with owner storage area and three parking spaces out front. All units have separate utilities, furnaces and hot water heaters. Updates include 2018 rolled rubber roof on main building and some replacement windows. Tenants are responsible for utilities. 40’ x 116’ lot.

Barber shop: $475
Store, currently vacant: $500
Apartment #1: $450
Apartment #2: $500
Apartment #3: $275
Potential monthly income: $2,200
Yearly real estate taxes: $3,952
Yearly insurance: $1,000
Water & sewer: $1,200
Potential net profit: $20,248

NOTE: Open auction day starting at 11:00 AM. Do not disturb the tenants. Long-term owner of 20 years. Rents have never been raised since that time, potential increases in rents in the area are significantly low.
Continue Reading
Real Estate Terms
10% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price, which goes to the seller. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed.
Auction By Order Of
George Maamari
Sign up to learn about upcoming auctions and KIKO news.
Auction Team
Jack W Kiko
Jack W Kiko,
330-455-9357 ext 163
John D. Kiko
John D. Kiko,
330-455-9357 ext 122

Views: 22,275
Related KIKO Auctions
March 12 - 12:30 PM

Akron, City of Akron, OH
Investment Opportunity!
11,780 SF Building
March 09 - 9:30 AM

Negley, Middleton Township, OH
Dickey’s Hardware - Real Estate & Inventory 
March 18 - 5:00 PM

New Lexington, Pike Township, OH
Home With Attached Garage & Carport

March 18 - 12:00 PM

Ravenna, City of Ravenna, OH
Investment Home
4 Bed – 1.5 Bath - Garage
See all KIKO
For Sale Listings here

2722 Fulton Dr NW
Canton, OH 44718-3507

Office: 330-453-9187
Toll Free: 800-533-5456
Fax: 330-453-1765
MLS Logo Equal Housing Logo
National Assocciation of Auctioneers Logo
The inclusion of advertising, logos or website links on this website does not constitute an endorsement by the KIKO Auctioneers or its affiliate companies of the products or services so advertised.

©2024 Website, KIKO Logos and "KIKO" are registered trademarks. All Rights Reserved.