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Fully occupied and income-producing, this versatile multi-family asset in Cleveland's Clark-Fulton neighborhood offers immediate cash flow with future value-add potential. The property features three occupied units generating a combined $3,600 per month in rental income. The front lower unit offers 3 bedrooms and 1 bathroom and is currently leased for $1,000 per month. The detached rear house is occupied and rented for $1,500 per month, providing strong, stable income. The upper unit is a 1-bedroom, 1-bathroom apartment leased to a CMHA tenant at $1,100 per month, delivering reliable, subsidized rental revenue. Located in a well-established urban neighborhood, the property benefits from convenient access to downtown Cleveland, major transportation corridors, employment centers, shopping, dining, and everyday amenities. This is an excellent opportunity for investors seeking a stabilized asset with strong in-place income and long-term upside potential.
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.
Listed By
Agency Name: Keller Williams Living
Agency Contact: TeraSomogyi@gmail.com, 561-901-9331
Shown By
Agent Name: Ethan Markowitz
Agent Phone: (310) 871-2705
Agency Title: Burgan Real Estate
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