12722 Lorain Avenue, Cleveland, OH 44111
- $399,900
- 8
- BD
- 4
- BA
- List Price
- $399,900
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 5236400
- Subtype
- Residential Income
- Year Built
- 1900
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Acres
- 0.08
- Subdivision
- Lenox Park Allotment
- Neighborhood
- Lenox Park Allotment
- MLS Area Major
- Cleveland
Property Description
Exceptional investment opportunity in the heart of Cleveland's thriving West Side! This well-maintained 4-unit multifamily property offers immediate cash flow with significant upside potential. Currently generating rental income from fully occupied, month-to-month tenants, the property features rents of three units at $900/month, one unit at $850/month, providing flexibility for future rent adjustments to market rates. Recent capital improvements, including newer furnaces and central air updates, help minimize maintenance expenses and add long-term value. Whether you're expanding your investment portfolio or seeking a value-add asset with stable occupancy, this property presents a rare opportunity in a desirable location near shopping, dining, public transportation, and major highways. Don't miss your chance to own a high-performing multifamily investment with room for even greater returns.
Additional Information
- Taxes
- $5,902
- Heating
- Hot Water, Steam
- Air Conditioning
- Central Air
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Parking Features
- Paved
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Bassel B Bahhur, basselbahhur@yahoo.com With HomePoint Real Estate
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