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4578 E 131st Street
Garfield Heights, OH 44105

$879,900

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Listing Details

  • $879,900
  • MLS# 5222720
  • Type Commercial - Business
  • Status Active
  • 0.367 acres
    Lot Size
  • 1962
    Year Built
  • Cleveland Municipal - 1809
    Local Schools

Home Value Estimate


Description

100% occupied, cash flowing 12 unit complex with value-add upside! This newly updated 12 unit deal is perfect for the investor looking for solid, stable cash flow day 1, while still having easy value-add upside available through basic cosmetic updates and organic rent bumps! Currently 100% occupied, grossing $10,740 in rent per month, an investor will walk into nearly a 9.5% cap rate AS IS. Proforma, a savvy buyer will easily achieve $12,500+ per month in gross rent, with the ability to implement parking fees and on-site coin operated laundry for additional income! The unit mix is ideal - boasting (8) two bedroom units and (4) one bedroom...read more

Features

  • Wall Unit(s)
  • Forced Air
  • 3.0 Stories
  • $18,145 / year Taxes
  • Public
  • Built in 1962

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