bedrooms
8
bathrooms
4
square feet
3,712
Acreage
0.1221
Open Houses
-
year built
1907
Full Baths
4
Half Baths
0
**Turnkey Investment Opportunity: Prime 4-Plex Near Edgewater Neighborhood** Discover an exceptional investment
opportunity in a desirable location, just a stone's throw from Lakewood and downtown. This well-
maintained 4-plex boasts significant updates and fantastic cash flow potential and is ***Lead Base Paint Certified***
Property Highlights: *New Roof (2023):* A recent roof replacement ensures peace of mind for years to come.
**Renovated Top Two Units:** These units
have been completely remodeled from the studs up, featuring: New flooring. Updated plumbing. Modern kitchens and
bathrooms. New wiring throughout**Bottom Units: *Unit 1:* Fully updated with a new kitchen, bathroom, and
flooring. *Unit 2:* Showcases original hardwood floors in excellent condition. While it hasn’t received the same kitchen
and bathroom updates, it has new wiring and minor repairs, making it a charming option for tenants. *Utilities:* Each
unit is equipped with new CENTRAL AC units and 12-year water heaters, enhancing comfort and efficiency.*Structural
Integrity:* Addressing previous concerns, new beams in the basement. A sump pump and drainage system have also
been installed for added protection. **Occupancy:** This property is fully occupied with self-paying tenants, providing
immediate cash flow.**Investment Details:** **Cap Rate:** This property boasts an impressive 10% cap rate, making it
an attractive investment for savvy buyers. Don’t miss out on this opportunity to own a well-maintained, income-producing
property in a thriving neighborhood! This property is lead-based paint certified. Contact us today for more information.
Showings will only be allowed after we receive an acceptable offer in hand as to not to disturb the tenants.
Location | |
Subdivision | Schilling |
County | Cuyahoga |
Elementary School | - |
Middle School | - |
High School | - |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 5098396
Listing agent:
Gregory Erlanger
#2004000516
Listing broker:
Keller Williams Citywide
(440) 892-2211
Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Friday, February 21 2025 at 8:23 p.m. EST
Kotohomes National