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Key Facts

Type Quadruplex
Levels Residential Income
Size  sqft
Garage No
Taxes $365
Days Active 6
Lot Size 
Approx. Age 1916
MLS® Number 5138938

Property Address: 

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

Description

Attention investors! This large quadplex in the heart of East Cleveland (44112) is a diamond in the rough, ready for the right buyer to bring it back to life. With four spacious units under one roof, this property offers significant cash flow potential once fully renovated. Located just minutes from University Circle, the Cleveland Clinic, Case Western Reserve University, and downtown Cleveland, this area is seeing increased investor interest and revitalization efforts. Multifamily demand is rising as housing affordability continues to be a challenge for renters — making this quad an ideal buy-and-hold or BRRRR strategy play. ARV estimated between $220K–$260K based on comparable renovated quads in the area. Rents for updated 2-bed units in this zip code average $750–$850 per month, meaning once stabilized, this property could gross over $3, 000/month. This is a full rehab project and is being sold as-is. Bring your contractor, your vision, and your calculator — opportunities like this don’t come around often.Show Description
MLS® Number5138938
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1095
Exterior
GarageNo
Approx. Age1916
BasementFull
DrivewayOn Street
Garage Spaces
HeatForced Air
A/CNone
Heating Fuel

Extras

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