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Lucas Chasteen

lucas@sellingohio.com +1(330) 635-6753

$ 425,000

Est. payment | -/mo

8 Beds

4 Baths

6,384 SqFt

Save

$ 425,000

Est. payment | -/mo

Save

8 Beds

4 Baths

6,384 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,384 sqft

Price per Sqft $66

Subdivision Lorain Street & Denison Ave

MLS Listing ID 5259333

Bedrooms 8

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 6,384

Year Built 1930

Annual Tax Amount $6,477

Tax Year 2025

Lot Size 4,552 Sqft

Acres 0.1045

Property Sub-Type Quadruplex

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.

Location

State OH

County Cuyahoga

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Parking Features Parking Lot

Water Access Desc Public

Roof Type Asphalt,Fiberglass,Flat

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 018-09-059

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Armani Adames • RE/MAX Above & Beyond • adamesarmani.aa@gmail.com, 216-370-8550

NEARBY SCHOOL & BUSINESS

+1(330) 635-6753

lucas@sellingohio.com

PO Box 472, Green, OH 92210

10702 Joan AVE Cleveland, OH 44111