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12722 Lorain Avenue
Cleveland, OH 44111

$349,900 - Status: Active
MLS# 5236400

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

MLS#: 5236400
Zip: 44111
Subdivision: Lenox Park Allotment
Development: Cleveland
Property Type: Multi Unit - Multiple
Cooling: Central Air
Days on Site: 71
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

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 $349,900. Lorain Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.greatmoverealty.net today.

Listed By / Shown By

Listed By

Agency Name: HomePoint Real Estate
Agency Contact: 216-548-8370, basselbahhur@yahoo.com

Shown By

Agency Title: Great Move Realty
Agency Phone: (330) 624-9605

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