PENDING
$25K PRICE DROP
7511 Jeffries Ave Garfield Heights, OH 44105
Estimated payment $1,802/month
Total Views
5,436
8
Beds
2
Baths
6,600
Sq Ft
$38
Price per Sq Ft
Highlights
- 0.85 Acre Lot
- Partially Fenced Property
- 1-Story Property
- 3 Car Garage
- Heating System Uses Gas
About This Home
Discover this exceptional, income-generating property that offers both stability potential for growth. This meticulously updated mixed-use asset features two fully renovated residential units (side-by-side duplex) and three commercial garage spaces currently leased to a long-term tenant—all generating a total of $3,750 in monthly rent (well over 20% cash on cash)! Each residential unit has undergone a comprehensive renovation, including: Brand new flooring + fresh paint, Updated light fixtures and modern hardware, Refinished ceilings + complete kitchen + bath remodels, New furnaces + hot water tanks, Updated electrical panels, newer sump pump, Numerous newer windows and Newer Roof! Exterior highlights include durable vinyl siding, private entrances, + a partially fenced backyard. The property also boasts a large parking lot, w/two dedicated spaces per residential unit, and additional open land at the rear offering added privacy—an ideal feature on a quiet dead-end street. Residential Unit B includes a refreshed basement with generous storage + is currently rented on a 1-year lease at $1,250/month starting May 15. Residential Unit A is rent-ready and currently vacant, offering the flexibility to place your own tenant. (A prospective tenant is already identified and ready to pay $1,000/mo. if the buyer chooses.) The commercial component consists of 3 garage bays (used as auto/mechanic shop) leased together at $1,500/month on a new five-year lease beginning June 1 with 3% annual increases. The garage also includes a private office, + the tenant—who has been occupying the space for over six years—has expressed interest in staying on as PM for just $200/month, representing approximately 5% of gross income. Each residential unit is separately metered, + property will be delivered Point-of-Sale Compliant! Zoned commercial. With proximity to parks, major highways, healthcare facilities, retail, dining, + recreation, this is a highly desirable investment in a prime location!
Listing Agent
Coldwell Banker Schmidt Realty Brokerage Email: leilani7b@gmail.com, 440-570-9514 License #2005015619 Listed on: 05/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,191
Year Built
- Built in 1949
Lot Details
- 0.85 Acre Lot
- Partially Fenced Property
- Chain Link Fence
Parking
- 3 Car Garage
- Parking Lot
Home Design
- Fiberglass Roof
- Asphalt Roof
Interior Spaces
- 6,600 Sq Ft Home
- 1-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 8 Bedrooms
- 2 Full Bathrooms
Utilities
- No Cooling
- Heating System Uses Gas
Community Details
- Orchard Grove Allotment/G M Hick Subdivision
Listing and Financial Details
- The owner pays for sewer, water
- Assessor Parcel Number 546-38-042
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,993 | $42,455 | $10,430 | $32,025 |
| 2023 | $5,191 | $38,470 | $9,730 | $28,740 |
| 2022 | $4,172 | $38,465 | $9,730 | $28,735 |
| 2021 | $4,168 | $38,470 | $9,730 | $28,740 |
| 2020 | $4,529 | $37,730 | $9,560 | $28,180 |
| 2019 | $4,276 | $107,800 | $27,300 | $80,500 |
| 2018 | $4,231 | $37,730 | $9,560 | $28,180 |
| 2017 | $4,349 | $38,260 | $10,080 | $28,180 |
| 2016 | $4,375 | $38,260 | $10,080 | $28,180 |
| 2015 | $5,417 | $38,260 | $10,080 | $28,180 |
| 2014 | $5,417 | $49,700 | $13,090 | $36,610 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Pending | -- | -- | -- |
| 05/19/2025 05/19/25 | Price Changed | $250,000 | -9.1% | $38 / Sq Ft |
| 05/13/2025 05/13/25 | For Sale | $275,000 | +131.1% | $42 / Sq Ft |
| 02/25/2025 02/25/25 | Sold | $119,000 | -0.8% | -- |
| 02/03/2025 02/03/25 | Pending | -- | -- | -- |
| 01/27/2025 01/27/25 | For Sale | $120,000 | -- | -- |
Source: MLS Now
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $119,000 | Ohio Real Title | |
| Warranty Deed | $115,000 | Guardian Title & Guaranty | |
| Deed | $29,000 | -- | |
| Deed | -- | -- |
Source: Public Records
Similar Homes in the area
Source: MLS Now
MLS Number: 5122248
APN: 546-38-042
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