12 Beds
4 Baths
5,624 SqFt
12 Beds
4 Baths
5,624 SqFt
Key Details
Property Type Single Family Home
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,624 sqft
Price per Sqft $66
Subdivision Simpson & Goakes
MLS Listing ID 5245178
Bedrooms 12
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 5,624
Total Fin. Sqft 5624
Year Built 1910
Annual Tax Amount $5,216
Tax Year 2025
Lot Size 9,561 Sqft
Acres 0.2195
Property Sub-Type Quadruplex
Property Description
Each spacious unit offers 3 bedrooms, 1 full bathroom, two levels of living space, a private basement, and separate front and rear entrances. Two units are currently generating income: Unit 4 rents for $1,640 per month through Section 8, and Unit 3 rents for $1,100 CASH per month. The two vacant units allow the next owner to complete improvements, place tenants at market rent, and quickly increase cash flow.
With estimated market rents of $1,600+ per unit, the property offers potential gross rental income exceeding $6,000 per month when fully improved and occupied. This is an outstanding opportunity to acquire a high-upside multifamily asset, increase rents, build equity, and create a true cash-flow powerhouse in a high investment and new construction area.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features On Street
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage false
Private Pool No
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 106-11-063
Special Listing Condition Standard
Schools and Properties Nearby