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$229,000
5603 Hege Avenue, Cleveland, OH 44105
7
Bedrooms
4
Bathrooms
2,714 sqft
Living area
0.1519 acres
Lot size
0
Garage
2
Stories
Unbelievable investment opportunity! Turn-key, cash-flowing 4-plex featuring two separate duplexes situated on one single parcel. Generating $3,085 per month in gross rent, this property boasts a rare 10% Cap Rate. The heavy lifting has already been done with massive capital improvements completed within the past 6 years: complete electrical upgrade (fully rewired with new panels), all-new plumbing, new furnaces, new hot water tanks, a new roof on the front house, newer siding, and windows. Property is also LEAD CERTIFIED. Fully occupied by long-term, stable tenants on month-to-month leases, offering immediate steady cash flow from day one. Don't miss this insulated, low-maintenance portfolio builder.
Heating
Cooling
Parking
Views
Basement
Construction
5603 Hege Avenue, Cleveland, OH 44105
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Estimated monthly payment
$1,435
Estimates only. Taxes and insurance are approximated from the list price and vary by county and carrier. Talk to a lender for a real quote.