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BEDS7
BATHS4 full
SQUARE FEET2,714
MLS#5256163
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCleveland Municipal - 1809
Property Description
Unbelievable investment opportunity! Turn-key, cash-flowing 4-plex featuring two separate duplexes situated on one single parcel. Generating $3,085 per month in gross rent, this property boasts a rare 10% Cap Rate. The heavy lifting has already been done with massive capital improvements completed within the past 6 years: complete electrical upgrade (fully rewired with new panels), all-new plumbing, new furnaces, new hot water tanks, a new roof on the front house, newer siding, and windows. Property is also LEAD CERTIFIED. Fully occupied by long-term, stable tenants on month-to-month leases, offering immediate steady cash flow from day one. Don't miss this insulated, low-maintenance portfolio builder.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: None
Heating: Gas, Hot Water, Steam
Lot Size: 0.15 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $2,184 / year
Year Built: 1920
Feature Descriptions
Days on Site: 4
Exterior: Frame
Parcel#: 132-17-032
Parking: Driveway
Sewer: Public Sewer
View: Neighborhood
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Century 21 Homestar
Agency Contact: dan@realclevelandhomes.com, 216-533-3072
Shown By
Agent Name: Jenna Fitch
Agent Phone: (567) 246-3020
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,529.75 per month $1,280.96 Principal & Interest $182.00 Property Tax $66.79 Homeowner's InsuranceChange Payment Information
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5603 Hege Avenue | MLS# 5256163
This multi-family property located at 5603 Hege Avenue, Cleveland, OH 44105 is currently listed for sale with an asking price of $229,000. Hege Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.thefitchgroupofkeyrealty.com today.