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Listed price in listed location currency (USD).
$199,900

741

MLS® 5244623

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes $3,603
Days Active 1
Lot Size 0.1194 Acres
Approx. Age 1920
MLS® Number 5244623

Property Address: 6920 Hosmer Ave, Cleveland, OH, 44105-3564

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

Description

Investor opportunity in Cleveland! This four-unit multifamily property offers immediate income with two occupied units and additional upside through two vacant units ready for lease-up. Unit 1 features three bedrooms and one bathroom, while Units 2 and 3 each offer two bedrooms and one bathroom. The occupied units are currently receiving under-market rent; providing significant future income potential! Estimated rents for the vacant units range from $805-$835 for Unit 3 and $735-$795 for Unit 4. Residents are responsible for all utilities, helping reduce owner-paid operating expenses. Additional features include two garage spaces, driveway parking, an unfinished basement offering storage potential, and approximately $5, 000 recently invested in exterior repairs. Conveniently located near major Cleveland roadways with access to I-77 and I-480. An excellent opportunity to acquire a four-unit property with existing income, immediate lease-up potential, and long-term value-add upside!
MLS® Number5244623
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1920
BasementApartment
DrivewayDriveway, Detached, Garage
Garage Spaces
HeatForced Air
A/CNone

Extras

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