Cashflowing Fourplex in HOT Neighborhood in Cleveland

[Peter Ledger]

Lakewood, OH 

$249,900

This fantastic cashflowing fourplex is fully occupied, bringing in $28,140 of annual rent! Here are the details:

4 Units: 2 X 3 Bedroom (very rare for the area!), 2 X 2 Bedroom.
Full Basement with Laundry Facilities

Rents:
Apt#1 $650
Apt#2 $565
Apt#3 $630
Apt#4 $500
Total Monthly Rents: $2,345
Annually
Total Annual Rents: $28,140



Recent Improvements:

-New Roof with 30yr material warranty and 10yr labor warranty

-Three New Furnaces

-All New Vinyl Windows

-Refinished Exterior Siding

-Updated Plumbing and Electrical

-New Storm Doors

-New flooring in several rooms

-New Tub Surrounds

Key Features:
City of Lakewood POS Violation Free
Long-term stable tenants
Great Curb Appeal
Great Location