3186 W 52nd Street , Cleveland, OH 44102
Cleveland, OH 44102
Description
Unlock a lucrative investment opportunity with this prime 4-unit property on Cleveland’s 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.
Details
| MLS# | 5058233 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1900 |
| Days On Site | 46 |
| Listing Provided By | Russell Real Estate Services | Tal Tamir |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 4,413 |
| Basement | Y |
| Building(s) | 1 |
| Acreage | 0.11 |
Market Activity 44102
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Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44102 |
| Community Name | James M Hoyts Sub |
| Listing VS Median (in James M Hoyts Sub) | |
Price: $214,900 low | high Med: $171,950 SqFt: 4,413 low | high Med: 3,319 $ / SqFt: $49 low | high Med: $53 On Site: 46 low | high Med: 52.500000 | |