5806 Fleet AVE, Cleveland, OH 44105
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Zachary Underwood

Zachary Underwood

+1(330) 932-0665
$109,900
Est. payment /mo
6 Beds
4 Baths
5,850 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision C G Barkwill Trustees Sub

MLS Listing ID 5200687

Bedrooms 6

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 1905

Annual Tax Amount $3,002

Tax Year 2025

Lot Size 5,850 Sqft

Acres 0.1343

Property Sub-Type Quadruplex

Property Description

Strong investment opportunity with BRRRR potential and high value-add. This mixed-use asset in the heart of the Fleet Avenue corridor features (4) total units, including a 3-bedroom, 2-bedroom, 1-bedroom, and an office/commercial space, providing diverse income streams and broad tenant appeal. With strong visibility along a well-traveled retail strip and consistent rental demand in the area, the property is well-positioned for long-term performance. Tenants benefit from convenient access to public transit, nearby employers, and local amenities, supporting stable occupancy. The property presents clear upside through renovation and rent optimization, allowing investors to increase both rental income and overall asset value. With both residential and commercial demand remaining strong, this asset offers an attractive opportunity to execute a value-add strategy. Additional highlights include completed inspections across the portfolio and projected returns in the 8–12% range based on 75–90% of HUD Fair Market Rents. Note: property had a frozen pipe in that caused water damage in one of the units and will require repair. This property is part of a larger multi-property Cleveland portfolio, offering investors the opportunity to scale with a diversified, income-generating package. Ideal for investors seeking a value-add asset with strong upside in a high-demand location. Buyer to verify all information.

Location

State OH

County Cuyahoga

Interior

Heating Forced Air

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features Direct Access

Water Access Desc Public

Roof Type Asphalt,Fiberglass,Flat

Private Pool No

Building

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 132-12-008

Special Listing Condition Standard

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Northern Ohio Regional MLS (YES-MLS)
Listed by Kim Lewis • Home Equity Realty Group • Garrett Rowan; 803-992-1429; Garrett.Rowan@HEQRealty.com

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Zachary Underwood

Zachary Underwood

+1(330) 932-0665

Broker | License ID: BRKP.2014000258

Broker License ID: BRKP.2014000258

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