$250,000
2443 Noble Rd, Cleveland, OH 44121
Current Rent **
$2,955
Projected Rent **
$3,755
9.7% CAP RATE! 5-Unit Multifamily - Cleveland Ohio!!
Unique opportunity to add a stabilized 5-unit, brick multi-family building to your portfolio. This property has incredible street exposure for drive by tenants and free marketing!
This property cash flows from day one and will need minor ongoing maintenance. This property has updated pex plumbing, updated electrical, individual furnaces and hot water tanks, and a private detached six car garage that is not currently being utilized! These can be easily rented out for $10-20 month/space adding additional income to your bottom line.
All five spaces are large and spacious two bedroom and one bath units with updated tile bathrooms, newer fixtures, carpet, or hardwood throughout, fresh paint and appliances provided by owner! All five units have been renovated to a certain degree and in order to increase rents to the market rate of the building and area ($800) there will need to be very minor work done! Building is fully occupied, do not approach the property or tenants. Thank you!
Location:
2443 Noble Rd, Cleveland, OH 44121
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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