7507 Lawnview Avenue
Cleveland, OH 44103

Listed at $449,000

Details

  • MLS# 5155900
  • Multi Unit - Multiple
  • Status Pending
  • 12 Bedrooms
  • 4 full 2 partial Bathrooms
  • 6,424 Square Feet
  • 0.219 acres
  • Built in 1910
  • Cleveland Municipal - 1809 Local Schools
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Description

RARE GEM SECTION 8 Fourplex Investment Opportunity! 5,675$ gross rent per month!!! Welcome to 7507 Lawnview Ave, a one-of-a-kind side-by-side fourplex featuring four spacious 3-bedroom townhome units! Each unit offers a full upstairs, a private basement, and both front & back entrances, giving tenants the feel of true single-family living. units have been thoughtfully renovated with modern LVP flooring, granite countertops, and major mechanical updates including multiple newer furnaces. This property is truly a cash cow for investors?whether you're local or out-of-state. Cash-Flow Machine Currently rented to reliable Section 8 tenants,...read more the property generates a gross monthly income of $5,675:    ?    7507 $1,400    ?    7509 $1,385    ?    7511 $1,250    ?    7513 $1,640Thats $68,100 annually with tenants covering all utilities except water & sewer?keeping owner expenses low and profit margins high. Highlights:    ?    Four side-by-side 3-bedroom townhome units    ?    Private basements & dual entrances for every unit    ?    Renovated interiors with LVP & granite finishes    ?    Multiple newer furnaces & key upgrades completed    ?    Fully rented, strong Section 8 tenancy    ?    Tenants pay gas & electricProperty is lead safe certified with the city!Offered at just $499,900, this rare Cleveland fourplex is a true cash cow that wont last long. Opportunities like this dont come around often?schedule your showing today before its gone!

Features

  • None
  • Forced Air, Gas
  • 2.0 Stories
  • $5,373 / year Taxes
  • Public
  • Built in 1910
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: Yes
  • Basement: Unfinished
  • Cooling: None
  • Days on Site: 183
  • Exterior: Brick
  • Heating: Forced Air, Gas
  • Lot Size: 0.22 Acres
  • Parcel#: 106-11-063
  • Parking: On Street
  • Roof Type: Asphalt, Fiberglass
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $5,373 / year
  • Water: Public
  • Year Built: 1910