6606 Hosmer Ave, Cleveland, OH 44105

Description

Turnkey 4-Unit Investment Opportunity in Cleveland! Welcome to 6606 Hosmer Avenue, a fantastic opportunity to add a cash-flowing quadruplex to your investment portfolio! This unique property features three units in the front building and a separate, freestanding single-family home in the rear. All four units have undergone recent renovations, including updated electrical systems, mechanicals, and cosmetic improvements. Three of the four units are currently occupied, providing immediate rental income, while the vacant unit offers the opportunity for an owner-occupant or additional rental income. Unit 1 is currently rented for $700 per month through 4/30/2027, Unit 2 is rented for $675 per month through 8/31/2027, and Unit 4, the freestanding rear home, is rented for $995 per month through 8/31/2027. Unit 3 is currently vacant, was previously rented for $700 per month, and is available for showings. Current gross rental income totals $2,370 per month, with the potential to generate $3,070 per month, or $36,840 annually, when fully occupied at the previous rental rate. This turnkey investment comes with property management already in place, making it an excellent opportunity for investors seeking a streamlined addition to their portfolio. Tenants are responsible for all utilities except water and sewer, which are paid by the landlord. Video walkthroughs of all four units are available upon request. Don't miss this opportunity to own an income-producing property with immediate cash flow and additional rental potential!