Incredible opportunity to purchase a four-unit property on the highly sought-after west side of Cleveland! This value-add investment features two two-bedroom, one-bath units (both currently occupied at $550 and $650/month on month-to-month leases), a one-bedroom, one-bath attic unit, and a two-bedroom, one-bath basement unit with a full kitchen and bathroom.… Read More Projected market rents are $1,000/month for the two-bedroom units, $800/month for the one-bedroom attic and $850 per month for the basement, bringing the total projected gross annual income to $43,800. Cleveland’s rental market remains strong, driven by steady demand, affordable pricing, and reliable cash flow—making this an excellent market for investors. The property has three gas meters and three electric meters; the owner currently pays utilities for the basement unit. The City of Cleveland Lead Inspection is in process for renewal, with no anticipated issues, giving new ownership a clear path to lead-free certification at closing. A rare chance to secure an easy-to-manage multifamily asset with strong upside in a growing market! *Note: Owner states that there are 4 units with 7 bedrooms and 4 bathrooms but the county auditor's website states that there are 2 units with 5 bedrooms and 3 bathrooms. Read Less
Courtesy of Russell Real Estate Services and Tal Tamir
Listing Snapshot
Days Online
298
Last Updated
Property Type
Quadruplex
Beds
7
Full Baths
4
Lot Size
0.11 Acres
Year Built
1910
MLS Number
5130342
30 Days Snapshot Of 44102
$131k
-77%
(avg) sold price
2
+100%
homes sold
33
-35%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Finished
Building
Built in 1910, Construction materials: ShingleSiding, Levels: ThreeOrMore, Living area units: SquareFeet, 1 building
Heating
ForcedAir
Lot
0.1053 acres
Parking
OnSite, OffStreet, Paved
Roof
Asphalt, Shingle
Sewer
PublicSewer
Taxes
Year: 2024
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