UPDATED:
10/18/2024 01:40 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision J H Wade Allotment
MLS Listing ID 5075734
Bedrooms 8
Full Baths 4
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1900
Annual Tax Amount $2,003
Tax Year 2023
Contingent Inspections
Lot Size 4,761 Sqft
Acres 0.1093
Property Description
Attention investors! Don’t miss out on this exceptional investment property located in one of Cleveland’s most
desirable rental markets. This fully occupied four-plex is situated in the heart of a high-demand area, just minutes
away from two of the city’s largest economic drivers: Cleveland Clinic and University Hospitals. With a strong,
consistent rental history and a prime location, this property is a rare find in a neighborhood where vacancies are
virtually nonexistent.
Location, Location, Location
Nestled between major healthcare institutions, universities, and a bustling urban core, this property guarantees
tenant demand year-round. Whether it’s professionals working at the Cleveland Clinic, medical students, or
university staff, the proximity to top-tier facilities ensures a steady stream of qualified tenants. You’re also
near downtown Cleveland, offering easy access to cultural attractions, entertainment, fine dining, and shopping.
Public transportation is readily available, with nearby bus routes and rapid transit stations connecting tenants to
the greater Cleveland area. For those commuting by car, major freeways like I-90, I-71, and I-77 are only minutes
away, making it convenient to get anywhere in the city and beyond.
Why This Four-Plex?
• Fully occupied units with strong cash flow and low turnover.
• The property is in a highly desirable area known for steady rental income.
• Located near two of the nation’s top medical centers, ensuring long-term demand.
• Invest with confidence in a property that is already delivering a healthy return and has room for future rent
growth, given the premium location.
Location
State OH
County Cuyahoga
Community Laundry Facilities
Rooms
Basement Common Basement, Exterior Entry, Full, Interior Entry, Concrete, Walk-Out Access
Interior
Heating Hot Water, Steam
Cooling None
Fireplace No
Exterior
Garage Detached, Garage
Garage Spaces 4.0
Garage Description 4.0
Fence Chain Link, Front Yard, Gate
Community Features Laundry Facilities
Waterfront No
Water Access Desc Public
Roof Type Composition,Shingle,Wood
Parking Type Detached, Garage
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 106-21-016
Special Listing Condition Standard
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