Listed By
Agency Name: RE/MAX Above & Beyond
Agency Contact: adamesarmani.aa@gmail.com, 216-370-8550
Shown By
Agent Name: Jennifer Williams
Agent Phone: (614) 271-0407
Agency Title: Cutler Real Estate
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Property Description
An excellent opportunity for investors seeking strong rental income and long term potential in Cleveland. This property features six spacious 2 bedroom, 1 bathroom units and is currently generating an impressive $7,126 in monthly rental income, totaling $85,512 annually. With an attractive 12% ROI, this property presents an exceptional opportunity for investors looking to maximize returns while expanding their portfolio. Conveniently located near Ohio City, Tremont, Downtown Cleveland and MetroHealth Medical Center, the property benefits from proximity to major employment centers, medical facilities, and everyday amenities that support consistent rental demand. With substantial income already in place, this property offers an appealing combination of location, unit mix, and established cash flow. With a 12% ROI and $85,512 in annual rental income, this six unit property represents an attractive opportunity to secure consistent cash flow, strengthen your investment portfolio, and capitalize on Cleveland's thriving multifamily rental market.
Property Features
Property Type: Commercial - Business
Basement: Yes
Basement: Unfinished
Days on Market: 1
Heating: Forced Air
Lot Size: 0.24 Acres
Roof Type: Composition
Taxes: $10,702 / year
Year Built: 1920
Feature Descriptions
Parcel#: 015-18-135
Sewer: Public Sewer
Units: 6
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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3812 Mapledale Avenue | MLS# 5259338
This commercial property located at 3812 Mapledale Avenue, Cleveland, OH 44109 is currently listed for sale with an asking price of $599,900. Mapledale Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.jenniferwilliams.homes today.