My Office's Listings

Some or all of the listings below are provided by the Schmidt Realty office.
$250,000
Active

Orchard Grove Allotment/G M Hick Area Multi-Family Home

Active

7511 Jeffries Avenue Garfield Heights, OH 44105

8 Bed
2 Baths
6600 sqft
MLS# 5122248
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 Courtesy of YES MLS / Coldwell Banker Schmidt Realty / Leilani Bowersock
$150,000
Active

Woodhill Park Sands Allotment Area Multi-Family Home

Active

12804 Imperial Avenue Cleveland, OH 44120

6 Bed
3 Baths
2667 sqft
MLS# 5119526
Turn-Key Triplex Investment! Welcome to 12804 Imperial Avenue, a fully turn-key triplex offering excellent cash flow and minimal maintenance from day one. This asset has been extensively renovated and is primed to pass Section 8 inspection—making it ideal for investors seeking reliable, stable income! Recent updates include a complete exterior and interior scrape and fresh paint, and the property has passed city lead inspection (lead-safe certificate expected in ~3 months). Inside, you'll find new LVP flooring and carpet throughout, along with 50% of the windows replaced—with the remainder in full working order. Full list of 36-itemized scope of work completed during the current ownership's rehab in MLS supplements. The unit mix includes: Two 2 bed / 1 bath units with dining room, living room and private porches! One 1 bed / 1 bath third-floor unit! All units have private entrances! Long driveway with ample parking, partially fenced in backyard! Rental Breakdown: One Section 8 tenant currently paying $870, with a rent increase request already submitted (should be at least $1,000 after increase). Second 2-bed unit has an accepted application at $950. The 1-bed unit is recommended to rent for $600/month to a cash-paying tenant. Projected gross rent fully leased: $2,600/month, offering an impressive 18–21% cash-on-cash return. Roof 2016, hot water tanks and furnaces within last 5 years. This is a rare opportunity to acquire a high-yield, Section 8-ready property with all the heavy lifting already done.Close to parks, recreation, restaurants, freeway access, hospitals, shopping and more! Contact listing agent today for your private tour or with questions!
Listing Courtesy of YES MLS / Coldwell Banker Schmidt Realty / Leilani Bowersock
$147,000
Active

Fargo City Area Single Family Home

Active

1728 E 44th Street Ashtabula, OH 44004

5 Bed
2 Baths
3000 sqft
MLS# 5122325
Opportunity Awaits--Spacious Three Floors! This distinctive three level, 3000 sq ft home features 5 bedrooms, 2 full baths, original woodwork, artisan craftsmanship. This size is perfect for a larger family, a home/virtual office or artist studio, and exceptional opportunity for tourism/hospitality or multi-family investment. Once a duplex restored to a single family this home features original refinished hardwood floors, traditional Arts & Crafts-era oak wood doors, trim and copper hardware. The 1st floor marble-faced working fireplace is flanked by original leaded glass windows and the 2nd floor library also features a working fireplace. The cheerful front sunroom with wrap-around casement windows brings extra light year round. High ceilings and windows w/5 bedrooms, 2 full baths, a charming English cottage-style third floor bedroom with Palladian window. Large vintage eat-in kitchen. This home has many generous closets throughout its three floors; a small second floor kitchen, upgraded 200 amp electric service, vinyl siding in 2019, repainted full basement and natural gas. Yard features hundreds of exotic spring bulbs, flowering shrubs, two large garden areas for the avid vegetable and herb growing enthusiast and the outdoor brick patio is a welcome summer retreat. Two Lake Erie beaches, public boat launch, vibrant tourism and commercial harbor district, nearby award-winning wineries, short drive to Geneva-on-the-Lake, easy interstate access all within a moments reach making it a great option for an investor owned​​‌​​​​‌​‌​​​​‌​​​‌‌​‌‌​ Airbnb.
Listing Courtesy of YES MLS / Coldwell Banker Schmidt Realty / Debbie Lake