Property
Beds
8
Full Baths
4
1/2 Baths
None
Year Built
1916
Sq.Footage
2,880
Attention investors! Welcome to this cash flowing investment opportunity in the heart of Cleveland! This well maintained quadruplex features four spacious 2 bedroom, 1 bathroom units and is currently 75% occupied, generating $2,500 per month in rental income with immediate upside. The vacant unit is completely turnkey and rent ready, giving the next owner the opportunity to quickly increase cash flow by placing a new tenant at market rent or to owner occupy while the remaining units help offset the mortgage. The current rents provide steady income, and the vacant unit offers excellent value-add potential from day one. Whether you’re expanding your investment portfolio or looking for your first multifamily property, this four unit building offers the ideal combination of current income and future growth. With strong rental demand in the area and room to boost returns, this is an opportunity you won’t want to miss. Schedule your private showing today and see the potential this income-producing property has to offer!
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
4
-
Above Grade Finished Area
2880.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Vinyl Siding
-
Parking
Garage, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1436
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$399,900
-
Tax Amount
$5,044
-
Sq. Footage
2,880
-
Price/SqFt
$138
HOA
-
Association
No
School District
-
Elementary School
Cleveland Municipal - 1809
-
Middle School
Cleveland Municipal - 1809
-
High School
Cleveland Municipal - 1809
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Cleveland Municipal - 1809
Middle School
Cleveland Municipal - 1809
High School
Cleveland Municipal - 1809
Listing Courtesy of Armani Adames , RE/MAX Above & Beyond
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AGENT
Gregory Sharier
Call Gregory today to schedule a private showing.
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