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Listed price in listed location currency (USD).
$379,900

840

MLS® 5236400

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes $5,902
Days Active 47
Lot Size 0.0813 Acres
Approx. Age 1900
MLS® Number 5236400

Property Address: 12722 Lorain Ave, Cleveland, OH, 44111-2661

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional investment opportunity in the heart of Cleveland's thriving West Side! This well-maintained 4-unit multifamily property offers immediate cash flow with significant upside potential. Currently generating rental income from fully occupied, month-to-month tenants, the property features rents of three units at $900/month, one unit at $850/month, providing flexibility for future rent adjustments to market rates. Recent capital improvements, including newer furnaces and central air updates, help minimize maintenance expenses and add long-term value. Whether you're expanding your investment portfolio or seeking a value-add asset with stable occupancy, this property presents a rare opportunity in a desirable location near shopping, dining, public transportation, and major highways. Don't miss your chance to own a high-performing multifamily investment with room for even greater returns.
MLS® Number5236400
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
Basement
DrivewayPaved
Garage Spaces
HeatHot Water, Steam
A/CCentral Air

Extras

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