3186 W 52nd St, Cleveland, Ohio, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$214,900

3186 W 52nd St
Cleveland, Ohio, United States

8bd 4ba

Listed By: Realtyww Info

Listed On: 09/13/2024

Listing ID: GL11197305 View More Details

Description

Unlock a lucrative investment opportunity with this prime 4-unit property on Clevelands sought-after west side! This well-maintained building boasts two currently occupied Section 8 units, with one leasing for $650/month through February 2025, the second unit rented for $775 on an annual lease expiring 7/31/2025 and another at $800/month on a month-to-month basis. The remaining unit is in the leasing process and is being marketed for $950/month, with potential for $1, 000/month following minor cosmetic updates. The property features four 2-bedroom, 1-bathroom units and offers a potential strong return with a nearly 14% cap rate and over 20% cash-on-cash return. Tenants cover their own electricity and gas, while the owner is responsible for water and sewer, making this an attractive, high-yield investment with minimal management demands.

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Listed by: Tal Tamir