Rhonda Albaugh
Listed By
Agency Name: Real of Ohio
Agency Contact: Muhammed@Lakestonecleveland.com, 216-456-5137
Shown By
Agent Name: Rhonda Albaugh
Agent Phone: (330) 323-3804
Agency Title: Cutler Real Estate
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Property Description
Investor Opportunity, Strong Cash Flow, Major Capital Improvement Completed Turnkey income-producing property with excellent cash flow fundamentals. Currently 75% occupied with a scheduled lease signing at $1,300/month, bringing projected gross rents to $3,600 per month once fully stabilized. This property features: Long-term tenants in place Well-maintained units in solid condition Hardwood flooring throughout Regular paint updates during tenant turns Low exterior maintenance profile Major Value Add: Aspinwall boasts a brand-new $45,000 roof (installed just one year ago) a significant capital improvement that reduces near-term expense risk and increases investor confidence. Ideal for: Buy and hold investors seeking stabilized cash flow Portfolio expansion in a strong rental corridor Investors looking for minimal immediate CapEx exposure With strong in-place income and upside through full stabilization, this is a dependable addition to any Cleveland rental portfolio.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Central Air
Days on Market: 8
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $2,849 / year
Year Built: 1920
Feature Descriptions
Exterior: Brick
Parcel#: 115-01-006
Parking: Driveway
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 1,575.68 per month $1,265.64 Principal & Interest $237.42 Property Tax $72.63 Homeowner's InsuranceChange Payment Information
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14104 Aspinwall Avenue | MLS# 5191370
This multi-family property located at 14104 Aspinwall Avenue, Cleveland, OH 44110 is currently listed for sale with an asking price of $249,000. Aspinwall Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on ralbaugh.cutlerhomes.com today.