Attention Investors, this is the opportunity you have been waiting for. This solid all brick 4 unit building located in Cleveland's Glenville neighborhood is being delivered vacant, giving the next owner a clean slate to set market rents, select their own tenants and maximize returns from day one.
Located just minutes from Cleveland Clinic, University Hospitals and major healthcare centers with quick access to I-90, I-77 and Downtown Cleveland, this property sits in the heart of consistent rental demand driven by one of the largest healthcare and employment corridors in Northeast Ohio.
Each unit offers 1 bedroom and 1 bath with spacious kitchens and classic easy to maintain finishes that are move in ready for tenants. The two upstairs units each feature their own private porch, adding charm and appeal that helps attract and retain quality renters.
Key updates include a newer roof under 10 years old, water heaters in units 2 (2021) and 4 (2026) and furnaces in units 3 and 4 (2020).
At market rents this building carries a potential gross monthly income of $3,100, making the numbers well worth a closer look at this price point. Each unit was previously rented each for $775.00
And the upside does not stop there. The unfinished attic presents a compelling opportunity to add a fifth unit, a value add that could significantly increase the income potential of this already attractive investment.
A clean brick building, a prime location and room to grow. Schedule your showing today!
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Zillow last checked:
Listing updated:
Listed by:
Theresa M Seese216-666-1411Theresa@sellwithseese.com,
McDowell Homes Real Estate Services
Source: MLS Now,MLS#: 5230464Originating MLS: Lake Geauga Area Association of REALTORS
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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