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3812 Mapledale Avenue, Cleveland, OH 44109

$599,900
  • 3812 Mapledale Avenue, Cleveland, OH 44109 Main Photo
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New to the Market Active
MLS#5259338
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONFish Heirs SCHOOLCleveland Municipal - 1809

Property Description

An excellent opportunity for investors seeking strong rental income and long term potential in Cleveland. This property features six spacious 2 bedroom, 1 bathroom units and is currently generating an impressive $7,126 in monthly rental income, totaling $85,512 annually. With an attractive 12% ROI, this property presents an exceptional opportunity for investors looking to maximize returns while expanding their portfolio. Conveniently located near Ohio City, Tremont, Downtown Cleveland and MetroHealth Medical Center, the property benefits from proximity to major employment centers, medical facilities, and everyday amenities that support consistent rental demand. With substantial income already in place, this property offers an appealing combination of location, unit mix, and established cash flow. With a 12% ROI and $85,512 in annual rental income, this six unit property represents an attractive opportunity to secure consistent cash flow, strengthen your investment portfolio, and capitalize on Cleveland's thriving multifamily rental market.

3812 Mapledale Avenue | MLS# 5259338

This commercial property located at 3812 Mapledale Avenue, Cleveland, OH 44109 is currently listed for sale with an asking price of $599,900. Mapledale Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.gonatasrealestate.com today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Basement: Unfinished
Heating: Forced Air
Lot Size: 0.24 Acres
Roof Type: Composition
Taxes: $10,702 / year
Year Built: 1920

Feature Descriptions

Parcel#: 015-18-135
Sewer: Public Sewer
Units: 6
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

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