Jim Anderson
BEDS7
BATHS4 full
SQUARE FEET1,950
MLS#5130342
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSeidman
SCHOOLCleveland Municipal - 1809
Property Description
Four-unit investment property on Cleveland's west side offered at just $49,750/door, currently generating $17,815 in annual NOI at an 8.95% cap rate. Three of the four units are now occupied, including the basement unit recently leased at $700/month, leaving just the top unit to fill and meaningful upside as it leases. Built in 1910, this well-constructed multi-family sits in the 44102 zip code with easy access to I-90, I-71, and I-480, making it a consistently rentable location for Cleveland's west-side workforce. The proforma tells the better story: fully leased at market rents, NOI climbs to $24,900 and the cap rate reaches 12.51%. Go-and-show for qualified buyers.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished
Cooling: None
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Asphalt, Shingle
Stories: 3.0
Taxes: $4,258 / year
Year Built: 1910
Feature Descriptions
Days on Site: 401
Exterior: Shingle Siding
Parcel#: 017-33-011
Parking: On Site, Off Street, Paved
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Jim Anderson
Agent Phone: Cell: (216) 280-7983
Agency Title: Progressive Urban Real Estate
Estimate Your Payment
Estimated Payment
$ 855.76 per month $442.89 Principal & Interest $354.83 Property Tax $58.04 Homeowner's InsuranceChange Payment Information
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3334 W 82nd Street | MLS# 5130342
This multi-family property located at 3334 W 82nd Street, Cleveland, OH 44102 is currently listed for sale with an asking price of $199,000. W 82nd Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on janderson.progressiveurban.com today.