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$480,000
5145783 MLS
Pride of Ownership Meets Cash-Flowing Opportunity | 7-Unit Near Shaker Square that has been lovingly maintained by the current owner as if it were his own residence, this all-2-bedroom building offers large units with great layouts and untapped upside—all just minutes from the shops, restaurants, and transit of Shaker Square. Currently fully occupied at $5,700/month, with market rents over $8,300/month, this property offers nearly $40K/year in NOI growth through simple rent adjustments—no major renovations needed. Most tenants are long-term and on month-to-month leases, giving the next owner the ability to increase rents almost immediately. One unit is Section 8, with the tenant contributing $400 toward rent. Property will cash flow $238/ unit/ month AFTER debt service once rents are increased. Within the last 10 years the building has undergone significant improvements , including:New vinyl windows throughout, Interior updates in all units, Modernized systems (electrical, hot, etc) , Coin-operated laundry (owner-owned), Private parking lot with potential for added revenue, Individually metered electric and gas – tenants pay their own heat and utilities, Boiler retired with electric baseboard heat & Sewer line under went extensive repair in 2025. Verified lead-free certificate (good through Jan 2026) and no Point-of-Sale requirements like neighboring Shaker Heights, this property offers peace of mind and smooth operations. Value-add potential doesn’t stop at rents—charge for parking and utilities, or simply bring units to market rate for a projected cap rate over 10%. This is a high-performing asset in a sought-after rental corridor And with a DSCR over 1.25%, it qualifies for most financing options, making it ideal for both new and seasoned multifamily investors.

2932 S Moreland Boulevard, Cleveland

Listing Courtesy of: Erin Thomas, Erinthomas@kwcommercial.com With Keller Williams Living

Selling Office: Keller Williams Living.

$150,000
4 Beds 4 Baths 5101238 MLS
Handyman Special! Instant Equity To Be Earned! Welcome to 13506 Drexmore Rd - featuring a 4 bed 2.5 bath home located in a highly sought after neighborhood of Cleveland. This property needs some TLC but has so much potential! The main level features a spacious living room, lovely dining room, large kitchen and half bathroom. The second level has 3 gernously sized bedrooms, one of them being the master suite with an ensuite half bathroom. The second level also has a full hall bathroom. The home features a 3rd floor with an additional bedroom and full bathroom. There is a large unfinished basement that provides ample storage space and the option to finish to add more living square footage. Home being sold in AS IS condition. 13506 Drexmore has to much to offer and will not last long!

13506 Drexmore Road, Cleveland

Listing Courtesy of: Charles D Medalie, cmedalie@listwithfreedom.com With ListWithFreedom.com Inc.

Selling Office: Reds Realty & Associates LLC..

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