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12014 Iowa Avenue, Cleveland, OH 44108

$235,000
  • 12014 Iowa Avenue, Cleveland, OH 44108 Main Photo
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New to the Market Active
BEDS4 BATHS4 full SQUARE FEET4,911 MLS#5193530
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONEddy Road Allotment SCHOOLCleveland Municipal - 1809

Property Description

Fully occupied, cash-flowing 4-unit investment opportunity generating income from day one. This solid brick quadruplex features four 1-bedroom, 1-bath units, all currently tenant occupied with rents ranging from $650$860 per month. The property offers approximately 4,900 square feet of living space across two levels and presents a great opportunity for investors seeking stable rental income with long-term hold potential. Conveniently located in Cleveland's Eddy Road neighborhood just south of I-90, offering quick highway access and proximity to local amenities. There is also a value-add opportunity, as the property is pending city approval to convert the existing 1 bed / 1 bath units into 2 bed / 1 bath units, which may increase rental demand and future rent potential. This provides investors with the ability to enhance unit layouts and maximize income potential over time.

12014 Iowa Avenue | MLS# 5193530

This multi-family property located at 12014 Iowa Avenue, Cleveland, OH 44108 is currently listed for sale with an asking price of $235,000. Iowa Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: Ceiling Fan(s)
Heating: Forced Air
Lot Size: 0.07 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $2,876 / year
Year Built: 1924

Feature Descriptions

Appliances: Range, Refrigerator
Exterior: Brick
Parcel#: 111-06-037
Parking: Outside, On Street
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Listed By / Shown By

Listed By

Agency Name: EXP Realty, LLC.
Agency Contact: vanessa@clehomepros.com, 216-770-3442

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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Estimated Payment

$ 1,622.73 per month $1,314.52 Principal & Interest $239.67 Property Tax $68.54 Homeowner's Insurance

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