Listed By
Agency Name: HomePoint Real Estate
Agency Contact: 216-548-8370, basselbahhur@yahoo.com
Shown By
Agent Name: Kim Mills
Agent Phone: (614) 439-9132
Agency Title: Cutler Real Estate
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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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Days on Market: 3
Heating: Hot Water, Steam
Lot Size: 0.08 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $5,902 / year
Year Built: 1900
Feature Descriptions
Exterior: Brick
Parcel#: 021-27-028
Parking: Paved
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 2,656.95 per month $2,048.48 Principal & Interest $491.83 Property Tax $116.64 Homeowner's InsuranceChange Payment Information
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12722 Lorain Avenue | MLS# 5236400
This multi-family property located at 12722 Lorain Avenue, Cleveland, OH 44111 is currently listed for sale with an asking price of $399,900. Lorain Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.sellwithmills.com today.