3717 Archwood AvenueCleveland, OH 44109

Property Description

Excellent investment opportunity in Cleveland's Brooklyn Centre neighborhood! This well-maintained multi-family features spacious two 3-bedroom units that perfectly blend vintage charm with modern updates. Freshly painted interiors, beautiful luxury vinyl plank flooring, stainless steel appliances, and in-unit washer and dryers provide the comfort and convenience today's tenants are looking for. Each unit offers a spacious kitchen with ample cabinetry, a large sink, and plenty of room for cooking and entertaining. The inviting living area features a charming brick fireplace, while generous closet space and additional storage add to the home's functionality. Separate electric meters make utility management convenient for owners and tenants alike. Extensive recent capital improvements include the replacement of 16 windows and repairs to 4 additional windows, all painted and brought into lead-safe compliance. Additional updates include window sill and siding repairs, multiple new interior and exterior doors, specialized lead-safe cleaning, exterior soil remediation, and completion of all required lead testing and compliance work. A new hot water tank was installed in 2023. With extensive lead-safe improvements already completed, this property is well-positioned for investors considering participation in the Section 8/Housing Choice Voucher program, subject to local housing authority requirements. Comparable 3-bedroom units in the area rent for approximately $1,300$1,450 per month (buyer to verify), offering strong income potential of $2600-$2900 per month (buyer to verify). Whether you're expanding your investment portfolio or looking for an owner-occupant opportunity with rental income, this move-in-ready property is one you won't want to miss!

Property Features

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