Investor opportunity in Cleveland! This four-unit multifamily property offers immediate income with two occupied units and additional upside through two vacant units ready for lease-up. Unit 1 features three bedrooms and one bathroom, while Units 2 and 3 each offer two bedrooms and one bathroom. The occupied units are currently receiving under-market rent; providing significant future income potential! Listed rent prices for the vacant units range are currently at $845 for Unit 3 and $745 for Unit 4; with strong interest in both. Residents are responsible for all utilities, helping reduce owner-paid operating expenses. Additional features include two garage spaces, driveway parking, an unfinished basement offering storage potential, and approximately $5,000 recently invested in exterior repairs. Conveniently located near major Cleveland roadways with access to I-77 and I-480. An excellent opportunity to acquire a four-unit property with existing income, immediate lease-up potential, and long-term value-add upside!
Listed By
Agency Name: 1st Cavalry Homes Real Estate & Property Mgmt.
Agency Contact: 234-230-2237, office@1stcavalryhomes.com
Shown By
Agency Title: Great Move Realty
Agency Phone: (330) 624-9605
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6920 Hosmer Avenue, Cleveland, OH 44105.
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6920 Hosmer Avenue | MLS# 5244623
This multi-family property located at 6920 Hosmer Avenue, Cleveland, OH 44105 is currently listed for sale with an asking price of $199,900. Hosmer Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.greatmoverealty.net today.