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12722 Lorain Avenue, Cleveland, OH 44111

$399,900
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New to the Market Status - Active
8BEDS 4 fullBATHS 5236400MLS# Lenox Park AllotmentSUBDIVISION Cleveland Municipal - 1809SCHOOL

Home Value Estimate


Description

Exceptional investment opportunity in the heart of Cleveland's thriving West Side! This well-maintained 4-unit multifamily property offers immediate cash flow with significant upside potential. Currently generating rental income from fully occupied, month-to-month tenants, the property features rents of three units at $900/month, one unit at $850/month, providing flexibility for future rent adjustments to market rates. Recent capital improvements, including newer furnaces and central air updates, help minimize maintenance expenses and add long-term value. Whether you're expanding your investment portfolio or seeking a value-add asset with...read more

Features

  • Central Air
  • Hot Water, Steam
  • 2.0 Stories
  • $5,902 / year Taxes
  • Public
  • Built in 1900