See all 50 photos
50 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$449,000
Est. payment /mo
10 Beds
4 Baths
4,573 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5183896
Bedrooms 10
Full Baths 4
HOA Y/N No
Year Built 1905
Annual Tax Amount $300
Tax Year 2024
Lot Size 4,573 Sqft
Acres 0.105
Property Sub-Type Quadruplex
Property Description
Turnkey and income-ready, this fully renovated brick four-unit offers a rare opportunity to step directly into a stabilized, low-maintenance asset. All major capital improvements have been completed, eliminating the need for additional renovation and allowing for immediate tenant placement and cash flow. Each unit features bright, modern interiors with updated kitchens and bathrooms, new flooring and carpet, fresh paint, and clean finishes throughout, including new doors and baseboards. Functional layouts provide comfortable living with ample closet space in every bedroom, along with private in-unit laundry hookups for added tenant convenience.
Beyond the interior updates, the property has undergone extensive mechanical improvements, including new windows, roof, HVAC systems, plumbing, and electrical. Each unit is separately equipped with its own furnace, water tank, gas meter, and electric panel, reducing owner expenses and simplifying management. Safety upgrades include a newly installed fire escape and hardwired fire alarm systems. The exterior has also been refreshed, enhancing curb appeal and overall presentation.
The property also features an oversized basement with designated storage areas for each unit, offering additional tenant value and potential for supplemental income. With projected annual income of approximately $66,000+, the property presents strong cash flow potential with minimal ongoing capital expenditure. Projected rents are aligned with local housing authority (CMHA/Section 8) payment standards, offering the potential for consistent, program-backed income. The flexible layout also supports a variety of rental strategies, including traditional leasing, shared housing, or other alternative residential income models. This is a fully optimized, turnkey investment opportunity where the heavy lifting has already been completed.
Beyond the interior updates, the property has undergone extensive mechanical improvements, including new windows, roof, HVAC systems, plumbing, and electrical. Each unit is separately equipped with its own furnace, water tank, gas meter, and electric panel, reducing owner expenses and simplifying management. Safety upgrades include a newly installed fire escape and hardwired fire alarm systems. The exterior has also been refreshed, enhancing curb appeal and overall presentation.
The property also features an oversized basement with designated storage areas for each unit, offering additional tenant value and potential for supplemental income. With projected annual income of approximately $66,000+, the property presents strong cash flow potential with minimal ongoing capital expenditure. Projected rents are aligned with local housing authority (CMHA/Section 8) payment standards, offering the potential for consistent, program-backed income. The flexible layout also supports a variety of rental strategies, including traditional leasing, shared housing, or other alternative residential income models. This is a fully optimized, turnkey investment opportunity where the heavy lifting has already been completed.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Gas, Other
Cooling None
Fireplace No
Exterior
Parking Features No Garage, None
Water Access Desc Public
Roof Type Other
Accessibility None
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 105-33-030
Special Listing Condition Standard
Read Less Info
Listed by Nicole R Guizzotti • EXP Realty, LLC. • nicoleguizzotti@gmail.com, 216-906-2694
Nearby Locations
GET MORE INFORMATION
Zachary Underwood
Broker | License ID: BRKP.2014000258
Broker License ID: BRKP.2014000258