3521 W 58th Street, Cleveland, OH 44102
- $249,500
- 4
- BD
- 4
- BA
- List Price
- $249,500
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 5234490
- Subtype
- Residential Income
- Year Built
- 1910
- Bedrooms
- 4
- Bathrooms
- 4
- Full Baths
- 4
- Acres
- 0.15
- Subdivision
- Schneiders Allotment
- Neighborhood
- Schneiders Allotment
- MLS Area Major
- Cleveland
Property Description
Fully occupied, cash-flowing four-unit on Cleveland's west side — a rare combination of stable day-one income and real, near-term upside! All four units are one bedroom, one bathroom and are currently leased, generating $3,010/month ($36,120/year) in gross rent. Market rents in the area support $3,400+/month ($40,800/year), giving a value-add investor a clear path to roughly 13% top-line growth simply by turning and re-leasing units as they come available. Whether you're a first-time multifamily buyer looking for a straightforward entry point with income from day one, or a seasoned operator hunting for a value-add play that pays you while you execute, 3521/3523 W 58th delivers on both fronts. Tenants are responsible for gas and electric; landlord pays water and sewer, keeping the operating expense load predictable and simple to underwrite. Rent roll and utility expenses available upon request. Please do not disturb tenants — showings by appointment with accepted offer contingent on inspection.
Additional Information
- Taxes
- $6,028
- Heating
- Forced Air
- Air Conditioning
- Gas
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt
- Parking Features
- Asphalt
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Michael Orlando, mjorlando1994@gmail.com With Key Realty
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