Map
Listed price in listed location currency (USD).
$299,900

840

MLS® 5239657

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes $8,824
Days Active 0
Lot Size 0.1004 Acres
Approx. Age 1900
MLS® Number 5239657

Property Address: 4019 Newark Ave, Cleveland, OH, 44109-1389

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

Description

Investors, this one is priced to sell and ready to produce income from day one. This turnkey quadplex sits in the heart of Clark Fulton, one of Cleveland's most active investment corridors, and offers a rare mix of immediate cash flow and upside. One unit is currently occupied by a long term tenant on a lifelong housing voucher, generating a reliable $1, 120 per month at 100% voucher coverage, meaning guaranteed rent with no vacancy risk on that unit. The remaining three units, a spacious 3 bedroom, a 1 bedroom, and a 2 bedroom, are all vacant and rent ready, giving a new owner the flexibility to place tenants immediately at full market rent or explore other rental strategies. With one unit already cash flowing and three more ready to lease right away, this property offers a fast path to a fully stabilized income stream. Whether you are an experienced investor looking to add a proven performer to your portfolio or just getting started in multifamily, 4019 Newark delivers the kind of numbers that are hard to find in today's market. Priced to sell and ready to move quickly, this is a cash flow opportunity you do not want to miss.
MLS® Number5239657
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementUnfinished
DrivewayOff Street
Garage Spaces
HeatForced Air
A/CWall Window Units

Extras

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties