JoinServicesInsightsPeopleAbout Us
USAOHClevelandA W Morgans6729 Forman Avenue
View of front of house featuring a porch | Image 1
Link Copied
$235,000

6729 Forman Avenue, Cleveland, OH

Real Estate

For Sale

$--,---,---
840
  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size  sqft
Garage No
Taxes $3,996
Days Active 1
Lot Size 
Approx. Age 1910
MLS® Number 5129112

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

High-yield, turnkey 4-unit property at 6729 Forman Ave—fully renovated less than two years ago with new LVP flooring, modern kitchens and baths, updated mechanicals, and a 2-car garage. This asset is cash flowing now at $2, 434/month. Section 8 offers $1129 for 2 bed units in this area, driving the proforma to over $4, 400+/month. Expenses run around 40%, keeping your net returns strong, and once fully leased the property projects a cap rate near 20%—rare in today’s market. One vacant unit allows for immediate value-add, without capital investment—simply lease it up and raise rents to market. This brings immediate NOI to @25k/year or a 10.6% cap rate. Mechanicals and electric panels are all less than 2 years old! Tenants pay gas & electric. Recent neighborhood sales at 3893 E 57th ($87, 500/unit) and 3620 E 59th ($90, 000/unit) show the real upside here. Located in a stable Cleveland neighborhood near employers, transit, shopping, and schools—easy to attract and retain quality tenants. Turnkey, low-maintenance, high yield, and poised for fast appreciation. Opportunities like this don’t last—contact us today for details and a tour or visit :https://app.Intellcre.Com/nda-share/02ff4eb0739e753395b0df6313f5c1715b3df578e44c1de6a6d0c28a763da57558d80d83f65d77dfShow Description
MLS® Number5129112
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1177
Exterior
GarageNo
Approx. Age1910
BasementUnfinished
DrivewayDriveway, Detached, Garage
Garage Spaces
HeatForced Air
A/CNone
Heating Fuel

Extras

Similar Listings

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

Get notified of price or status changes by saving this listing