3334 W 82nd Street, Cleveland, OH 44102
- $199,000
- 7
- BD
- 4
- BA
- 1,950
- SqFt
- List Price
- $199,000
- Status
- ACTIVE
- Days on Market
- 420
- Price Change
- ▼ $16,000 1765234659
- MLS#
- 5130342
- Subtype
- Residential Income
- Year Built
- 1910
- Bedrooms
- 7
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 1,950
- Acres
- 0.11
- Subdivision
- Seidman
- Neighborhood
- Seidman
- MLS Area Major
- Cleveland
Property Description
Four-unit investment property on Cleveland's west side offered at just $49,750/door, currently generating $17,815 in annual NOI at an 8.95% cap rate. Three of the four units are now occupied, including the basement unit recently leased at $700/month, leaving just the top unit to fill and meaningful upside as it leases. Built in 1910, this well-constructed multi-family sits in the 44102 zip code with easy access to I-90, I-71, and I-480, making it a consistently rentable location for Cleveland's west-side workforce. The proforma tells the better story: fully leased at market rents, NOI climbs to $24,900 and the cap rate reaches 12.51%. Go-and-show for qualified buyers.
Additional Information
- Taxes
- $4,258
- Heating
- Forced Air
- Air Conditioning
- None
- Levels
- Three Or More
- Roof
- Asphalt, Shingle
- Parking Features
- On Site, Off Street, Paved
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services
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