10413 Yale Avenue, Cleveland, OH 44108
- $175,000
- 8
- BD
- 4
- BA
- List Price
- $175,000
- Status
- ACTIVE
- Days on Market
- 54
- Price Change
- ▼ $10,000 1784265010
- MLS#
- 5217220
- Subtype
- Residential Income
- Year Built
- 1918
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Acres
- 0.14
- Subdivision
- Low & Edwards
- Neighborhood
- Low & Edwards
- MLS Area Major
- Cleveland
Property Description
Investor opportunity! This fully occupied four-unit property offers immediate cash flow with below-market rents totaling $2305, creating a compelling value-add opportunity for investors seeking both current income and future growth. With current operations generating an approximate 11.5% cap rate based on existing rents and known expenses, this property provides strong in-place returns from day one. As units turn over, investors have the opportunity to renovate and bring rents closer to market levels, potentially increasing cash flow and overall property value. Whether you're looking to expand an existing portfolio or acquire a multifamily asset with upside potential, this property checks the boxes: stable occupancy, strong current income, below-market rents, and room to increase returns over time. Offered at an attractive price point, this is an excellent opportunity to acquire a cash-flowing asset with built-in value-add potential.
Additional Information
- Taxes
- $2,871
- Heating
- Forced Air
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Flat
- Parking Features
- None
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Jermaine R Burge, jburge@kw.com With Keller Williams Greater Metropolitan
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