3821 E 55th ST new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44105
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Trustees Allotment/C G Barkwe
MLS Listing ID 5125672
Bedrooms 8
Full Baths 4
Year Built 1900
Annual Tax Amount $3,717
Tax Year 2024
Lot Size 3,955 Sqft
Property Sub-Type Quadruplex
Property Description
Cash-flow producing Quadplex with several major capital improvements in place. This fully occupied quadplex brings in $3,053 per month in current total rent with room to grow quickly. The building includes four units: one 3-bedroom/1-bath, one 1-bedroom efficiency, and two 2-bedroom/1-bath units. Two of the units have been fully renovated within the last year. The property has lead-safe certification and active rental registrations. All electrical panels have been replaced and are up to code. The roof is newer, and several HVAC systems were updated within the last year. The property has been professionally managed by a local PM company that is willing to continue with the new owner if desired. This is a solid, low-maintenance rental property with strong cash flow and key updates already done.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling Ceiling Fan(s),Window Unit(s)
Exterior
Parking Features Driveway
Roof Type Asphalt,Fiberglass
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan