Fully renovated 4-unit investment opportunity in the growing 44102 neighborhood, delivered completely vacant and ready for immediate lease-up. Each unit features 2 bedrooms and has been fully updated with new kitchen cabinets, countertops, flooring, fresh paint, and fully remodeled bathrooms. Major capital improvements include new furnaces, new hot water tanks,… Read More updated mechanical systems, new electrical, new gas service, and new windows, meaning the heavy lifting has already been completed, and the only remaining step is placing tenants and collecting rent. CMHA market rents support approximately $1,100–$1,300 per unit, creating a projected gross income of $4,500+ per month once stabilized. Tenants pay their own gas and electric, keeping operating expenses low, with the owner responsible only for water and sewer; implementing a utility reimbursement program could further increase NOI. Conveniently located near Detroit Shoreway, Starbucks, Lakewood, and major retail corridors, this property sits in one of Cleveland’s most active rental markets with strong tenant demand and long-term growth potential. NO seller financing. Read Less
Courtesy of Keller Williams Living and Erin Thomas
Listing Snapshot
Days Online
46
Last Updated
Property Type
Quadruplex
Beds
8
Full Baths
4
Lot Size
0.11 Acres
Year Built
1920
MLS Number
5186674
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
Partial
Building
Built in 1920, Construction materials: Brick, Levels: Two, Living area units: SquareFeet, 1 building, 2
Heating
ForcedAir, Gas
Lot
0.1147 acres
Roof
Composition, Shingle
Sewer
PublicSewer
Taxes
Year: 2024
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Yes-MLS. Real estate listings held by brokerage firms other than Keller Williams Legacy Group Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing broker(s). Information is deemed reliable but not guaranteed. Listings last updated . Some properties which appear for sale on this website may subsequently have sold and may no longer be available.
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