19708 Kewanee AVE Pending Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44119
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Subdivision Berwick
MLS Listing ID 5065546
HOA Y/N No
Year Built 1920
Annual Tax Amount $6,534
Tax Year 2023
Lot Size 0.436 Acres
Acres 0.436
Property Description
Incredible Opportunity in Cleveland! Acquire four cash-flowing duplexes as an 8-unit portfolio in a rapidly growing market. Currently 100% occupied with market-rate tenants, these properties bring in strong rents with potential for significant increases upon lease renewals. Recent updates include replaced mechanicals and various cosmetic enhancements, ensuring a well-maintained investment. All up/down style duplexes are situated in close proximity, making management straightforward. With an initial 9% cap rate and 13% cash-on-cash return, and the potential to achieve a 13% cap rate and 30%+ cash-on-cash returns, this portfolio offers exceptional growth and income potential. Don't miss out on this high-yield investment opportunity!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Fireplace No
Exterior
Water Access Desc Public
Present Use Residential
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 114-22-055
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard