Rhonda Albaugh
Listed By
Agency Name: EXP Realty, LLC.
Agency Contact: vanessa@clehomepros.com, 216-770-3442
Shown By
Agent Name: Rhonda Albaugh
Agent Phone: (330) 323-3804
Agency Title: Cutler Real Estate
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Property Description
Fully occupied, cash-flowing 4-unit investment opportunity generating income from day one. This solid brick quadruplex features four 1-bedroom, 1-bath units, all currently tenant occupied with rents ranging from $650$860 per month. The property offers approximately 4,900 square feet of living space across two levels and presents a great opportunity for investors seeking stable rental income with long-term hold potential. Conveniently located in Cleveland's Eddy Road neighborhood just south of I-90, offering quick highway access and proximity to local amenities. There is also a value-add opportunity, as the property is pending city approval to convert the existing 1 bed / 1 bath units into 2 bed / 1 bath units, which may increase rental demand and future rent potential. This provides investors with the ability to enhance unit layouts and maximize income potential over time.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: Ceiling Fan(s)
Days on Market: 26
Heating: Forced Air
Lot Size: 0.07 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $2,876 / year
Year Built: 1924
Feature Descriptions
Appliances: Range, Refrigerator
Exterior: Brick
Parcel#: 111-06-037
Parking: Outside, On Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 1,502.68 per month $1,194.48 Principal & Interest $239.67 Property Tax $68.54 Homeowner's InsuranceChange Payment Information
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12014 Iowa Avenue | MLS# 5193530
This multi-family property located at 12014 Iowa Avenue, Cleveland, OH 44108 is currently listed for sale with an asking price of $235,000. Iowa Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on ralbaugh.cutlerhomes.com today.