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.
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
Estimated Payment
$ 1,622.73 per month $1,314.52 Principal & Interest $239.67 Property Tax $68.54 Homeowner's InsuranceIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
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.