7324 Valleyview Dr Dr, Independence OH 44131 Photo 1 7324 Valleyview Dr Dr, Independence OH 44131 Photo 2 7324 Valleyview Dr Dr, Independence OH 44131 Photo 3 7324 Valleyview Dr Dr, Independence OH 44131 Photo 4 7324 Valleyview Dr Dr, Independence OH 44131 Photo 5 7324 Valleyview Dr Dr, Independence OH 44131 Photo 6 7324 Valleyview Dr Dr, Independence OH 44131 Photo 7 7324 Valleyview Dr Dr, Independence OH 44131 Photo 8 7324 Valleyview Dr Dr, Independence OH 44131 Photo 9 7324 Valleyview Dr Dr, Independence OH 44131 Photo 10

No driving directions were found. Please adjust your search.

7324 Valleyview Dr Dr - This unique commercial investment property is located in the heart of Independence behind Town Square Shopping Center. Tenants walk to several banks, the United States Post Office, coffee shop and local restaurants. All of the private offices have been remodeled. The market rent for the 10 private suites is $34,200. Total operating expense including gas, electric, water, sewer, internet and trash removal is $9000 per year. Net income is $25,200. Three units are currently available for rent, or for the owner's use. The three building property enjoys beautiful park like setting overlooking woods and valley. One of the long term tenants is a cigar shop. Snow removal and lawn care is handled by one of the tenants in exchange for reduced rent. Electrical has been updated with separate meters and panels for each of the three buildings. It is rare to find a property in Independence Ohio with a cap rate of 11%. There s some room to add additional square footage, and with some capital improvement, annual income can be further increased. This is the best investment in Independence and Independence property values are poised for continuous appreciation.

Listing information

  • MLS® ID: 3786616
  • Status: Active
  • New Construction: No
  • Estimated Annual Taxes: $1,226
  • Style: Office
  • Stories: 2
  • Foreclosure: No
  • County: Cuyahoga
  • Year Built: 1935
  • Parking Type Description: Driveway / Parking Apron 10 cars
  • Lot Area: 0.03

Features

Assessments Y/N No
Available Financing Cash, Conventional, Land Contract
Basement Detail Unfinished
Cooling Type Attic Fan, Central Air
Elevator Y/N No
Freight Amenities Overhead Doors
Heating Fuel Electric, Gas
Heating Type Baseboard, Forced Air
Homestead Exemption Y/N No
Location Freestanding, Suburban
Other Current Use - Office / Retail, Electric - 2400, Heat - 1200, Lawn Snow Maint - 0, Lot Size Frontage - 154, Num Of Drivein Drs Total - 1, Office Sq Ft - 2600, Retail Sq Ft - 2600, Sewer Water - 400, Trash Rubbish - 1020, Warehouse Sq Ft - 500
Owner Pays Cable/Electric Link, Electric, Heating, Pays All, Sewer, Trash Collection, Water
Possession Time of Transfer
Property Subtype Office
Retail Type Free Standing
Roof Asphalt/Fiberglass
Tenant Pays None
Water Sewer Public Sewer, Public Water
Listing Courtesy of Re/Max Trinity