19708 Kewanee Avenue, Cleveland, OH 44119
- $390,000
- Sold Price
- $390,000
- List Price
- $437,000
- Status
- CLOSED
- Days on Market
- 65
- Closing Date
- Nov 13, 2024
- MLS#
- 5065546
- Subtype
- Commercial Sale
- Year Built
- 1920
- Acres
- 0.44
- Subdivision
- Berwick
- Neighborhood
- Berwick
- MLS Area Major
- Cleveland
Property Description
Incredible Opportunity in Cleveland! Acquire four cash-flowing duplexes as an 8-unit portfolio in a rapidly growing market. Currently 100% occupied with market-rate tenants, these properties bring in strong rents with potential for significant increases upon lease renewals. Recent updates include replaced mechanicals and various cosmetic enhancements, ensuring a well-maintained investment. All up/down style duplexes are situated in close proximity, making management straightforward. With an initial 9% cap rate and 13% cash-on-cash return, and the potential to achieve a 13% cap rate and 30%+ cash-on-cash returns, this portfolio offers exceptional growth and income potential. Don't miss out on this high-yield investment opportunity!
Additional Information
- Taxes
- $6,534
- Heating
- Forced Air
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services
Selling Office: Russell Real Estate Services.Mortgage Calculator
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