Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: jburge@kw.com, 216-215-5727
Shown By
Agent Name: Kim Mills
Agent Phone: (614) 439-9132
Agency Title: Cutler Real Estate
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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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Days on Market: 1
Heating: Forced Air
Lot Size: 0.14 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $2,871 / year
Year Built: 1918
Feature Descriptions
Exterior: Brick
Parcel#: 108-22-103
Parking: None
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 1,243.32 per month $950.11 Principal & Interest $239.25 Property Tax $53.96 Homeowner's InsuranceChange Payment Information
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10413 Yale Avenue | MLS# 5217220
This multi-family property located at 10413 Yale Avenue, Cleveland, OH 44108 is currently listed for sale with an asking price of $185,000. Yale Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.sellwithmills.com today.