

4-Unit on CLE's West Side
Value-Add | 12.5% Proforma CAP
Marketing description
Incredible opportunity to purchase a four-unit property on the highly sought-after west side of Cleveland! This value-add investment features two two-bedroom, one-bath units (both currently occupied at $550 and $650/month on month-to-month leases), a one-bedroom, one-bath attic unit, and a two-bedroom, one-bath basement unit with a full kitchen and bathroom. Projected market rents are $1,000/month for the two-bedroom units, $800/month for the one-bedroom attic and $850 per month for the basement, bringing the total projected gross annual income to $43,800. Cleveland’s rental market remains strong, driven by steady demand, affordable pricing, and reliable cash flow—making this an excellent market for investors. The property has three gas meters and three electric meters; the owner currently pays utilities for the basement unit. The City of Cleveland Lead Inspection is in process for renewal, with no anticipated issues, giving new ownership a clear path to lead-free certification at closing. A rare chance to secure an easy-to-manage multifamily asset with strong upside in a growing market!
Investment highlights
4-Unit Multi | Perfect for value-add investors
Significant upside from under-market rents
Projected gross annual income - $43,800
Located on Cleveland’s sought-after west side, a proven rental market with steady demand and reliable cash flow
Separate gas & electric meters for three units—owner only pays utilities for basement unit
Month-to-month leases in two of the units allow flexibility for rent increases or renovations to quickly align with market-rate returns
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