6920 Hosmer Avenue, Cleveland, OH 44105
- $199,900
- 7
- BD
- 4
- BA
- List Price
- $199,900
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 5244623
- Subtype
- Residential Income
- Year Built
- 1920
- Bedrooms
- 7
- Bathrooms
- 4
- Full Baths
- 4
- Acres
- 0.12
- Subdivision
- Stone Hickox Hosmer Bates Smit
- Neighborhood
- Stone Hickox Hosmer Bates Smit
- MLS Area Major
- Cleveland
Property Description
Investor opportunity in Cleveland! This four-unit multifamily property offers immediate income with two occupied units and additional upside through two vacant units ready for lease-up. Unit 1 features three bedrooms and one bathroom, while Units 2 and 3 each offer two bedrooms and one bathroom. The occupied units are currently receiving under-market rent; providing significant future income potential! Estimated rents for the vacant units range from $805-$835 for Unit 3 and $735-$795 for Unit 4. Residents are responsible for all utilities, helping reduce owner-paid operating expenses. Additional features include two garage spaces, driveway parking, an unfinished basement offering storage potential, and approximately $5,000 recently invested in exterior repairs. Conveniently located near major Cleveland roadways with access to I-77 and I-480. An excellent opportunity to acquire a four-unit property with existing income, immediate lease-up potential, and long-term value-add upside!
Additional Information
- Taxes
- $3,603
- Heating
- Forced Air
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Shingle
- Parking Features
- Driveway, Detached, Garage
- Garage Spaces
- 1
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Dathan Williams, dathan@1stcavalryhomes.com With 1st Cavalry Homes Real Estate & Property Mgmt.
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