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$199,000
7 Beds
- 4 Baths
4 full baths
1,950sqft
3334 W 82Nd St, Cleveland, OH 44102
$199,000
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Quadruplex
Built in 1910
$-- HOA
0.11 acre lot
$102/sq.ft
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 Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1910
HOA Fees
-
Finished Area
1,950 sqft
Lot Size
0.11 acre lot
Basement Area
- sqft
MLS Name
MLS Now
MLS Number
5130342
MLS Status
Active
Days on Market
408
Cumulative Days on Market
319
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