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4-unit investment opportunity now available in the most prime location bordering Little Italy and Coventry in Cleveland Heights! Nestled mere moments from Cleveland Clinic and Case Western Reserve, this 4-unit property boasts unbeatable convenience to bars, restaurants, and all the area has to offer. Currently fully occupied, it generates $6,500 in monthly rent. The expansive layout includes (2) 1-bed, 1-bath units on the first floor and (2) 2-bed, 2-bath units spanning the upper floors. Tenants enjoy modern amenities such as in-suite laundry in the 2-bed units and private basement access with laundry for the 1-bed/1-bath units. Each unit features individual furnaces and hot water tanks, with the owner billing back for water/sewer and trash. Recent updates include tiled bathrooms, newer cabinets, stone countertops, and more. With a purchase yielding over a 9% cap rate in one of Cleveland`s hottest sub-markets, this property promises both immediate returns and long-term potential. Plus, benefit from newer mechanicals, updated electrical and plumbing, stainless steel appliances, and other thoughtful enhancements. Don`t miss out on this exceptional investment opportunity! The county auditor`s website states that there are 3 units, 4 bedrooms and 3.5 baths but the owner states that there are 4 units, 6 bedrooms and 6 bathrooms.
Estimated Payment
