BEDS8
BATHS4 full
SQUARE FEET6,384
MLS#5259333
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLorain Street & Denison Ave
SCHOOLCleveland Municipal - 1809
Property Description
Attention investors! Fully occupied brick quad located on Cleveland's desirable West Side, offering an excellent opportunity for investors seeking immediate rental income and strong returns. The property features four spacious 2 bedroom, 1 bathroom units, generating a combined monthly rental income of $4,820, or $57,840 annually. With all four units occupied, investors can enjoy consistent cash flow from day one. Boasting an impressive 12% ROI, this income producing asset presents an attractive opportunity for investors looking to maximize returns while expanding their real estate portfolio. Whether you are a seasoned investor or looking to acquire your next investment property, this quad offers an appealing combination of occupancy, income, and return potential in Cleveland's thriving rental market.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Heating: Forced Air
Lot Size: 0.10 Acres
Roof Type: Asphalt, Fiberglass, Flat
Stories: 2.0
Taxes: $6,477 / year
Year Built: 1930
Feature Descriptions
Exterior: Brick
Parcel#: 018-09-059
Parking: Parking Lot
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: RE/MAX Above & Beyond
Agency Contact: adamesarmani.aa@gmail.com, 216-370-8550
Shown By
Agency Title: Gonatas Real Estate
Agency Phone: 330-729-5004
Estimate Your Payment
Estimated Payment
$ 1,609.57 per month $945.87 Principal & Interest $539.75 Property Tax $123.96 Homeowner's Insurance
10702 Joan Avenue | MLS# 5259333
This multi-family property located at 10702 Joan Avenue, Cleveland, OH 44111 is currently listed for sale with an asking price of $425,000. Joan Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.gonatasrealestate.com today.