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bedrooms Pending
bedrooms
bedrooms
8
bathrooms
bathrooms
4
square feet
square feet
3,712
acreage
Acreage
0.1221
open houses
Open Houses
-
year built
year built
1907
full baths
Full Baths
4
half baths
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 -
open houses Open houses
None scheduled.
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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.   [source]
Last update: Friday, February 21 2025 at 8:23 p.m. EST
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