Great Value in Slavic Village - 6 units
Multifamily | 12.52% CAP | 6 Units
Marketing description
This well-maintained Cleveland multifamily property offers a stable income-producing opportunity with 100% occupancy, recent renovations throughout, and a long list of capital improvements that reduce near-term maintenance needs. The current rent roll produces $4,985 in monthly gross income and $42,576 in annual NOI, creating an attractive investment profile for buyers seeking dependable cash flow.
This property offers a straightforward income-producing investment with stable in-place rents and a strong net operating income profile. Based on the current rent roll and operating expenses, the asset generates $42,576 in annual NOI and an implied
The property has been carefully maintained by the current owner, who is retiring from real estate, and is positioned as a low-maintenance asset for the next investor. The building has passed City of Cleveland inspection, lead inspection, HVAC inspections, and all Section 8 unit inspections, and is registered with the city.
Investment highlights
- 100% occupied with all units recently updated.
- New roof installed in February 2025. Owner invested $27K for new roof.
- Modern finishes including new flooring, fresh paint, and renovated bathrooms.
- Certified and well-maintained gas furnaces.
- Updated water heaters, with 4 recently replaced.
- Electrical system up to code and modernized.
- Separate utility metering; tenants pay electric and gas.
- Owner pays water, sewer, and garbage.
- City sewer connection.
- 3 separate basements with W/D hookups for 3 units.
- New owner-supplied appliances in 3 units; tenants own appliances in the other 3.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
