3334 W 82nd Street
Cleveland, OH 44102

Listed at $199,000

Details

  • MLS# 5130342
  • Multi Unit - Multiple
  • Status Active
  • 7 Bedrooms
  • 4 full Bathrooms
  • 1,950 Square Feet
  • 0.105 acres
  • Built in 1910
  • Cleveland Municipal - 1809 Local Schools
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Description

Incredible opportunity to purchase a four-unit property on the highly sought-after west side of Cleveland! This value-add investment features two two-bedroom, one-bath units (both currently occupied at $550 and $650/month on month-to-month leases), a one-bedroom, one-bath attic unit, and a two-bedroom, one-bath basement unit with a full kitchen and bathroom. Projected market rents are $1,000/month for the two-bedroom units, $800/month for the one-bedroom attic and $850 per month for the basement, bringing the total projected gross annual income to $43,800. Cleveland's rental market remains strong, driven by steady demand, affordable pricing,...read more and reliable cash flow?making this an excellent market for investors. The property has three gas meters and three electric meters; the owner currently pays utilities for the basement unit. The City of Cleveland Lead Inspection is in process for renewal, with no anticipated issues, giving new ownership a clear path to lead-free certification at closing. A rare chance to secure an easy-to-manage multifamily asset with strong upside in a growing market! *Note: Owner states that there are 4 units with 7 bedrooms and 4 bathrooms but the county auditors website states that there are 2 units with 5 bedrooms and 3 bathrooms.

Features

  • None
  • Forced Air
  • 3.0 Stories
  • $4,258 / year Taxes
  • Public
  • Built in 1910
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: Yes
  • Basement: Finished
  • Cooling: None
  • Days on Site: 276
  • Exterior: Shingle Siding
  • Heating: Forced Air
  • Lot Size: 0.11 Acres
  • Parcel#: 017-33-011
  • Parking: On Site, Off Street, Paved
  • Roof Type: Asphalt, Shingle
  • Sewer: Public Sewer
  • Stories: 3.0
  • Taxes: $4,258 / year
  • Water: Public
  • Year Built: 1910