For Sale, USD 175,000
3183 W 46th Street, Cleveland OH 44102, Cleveland, Ohio, United States
Property Type : Multi-Family Home
Property Style : N/A
Build Size : 4,745 ft² / 441 m²
Land Size : N/A
Bedroom : 10
Bathroom : 4
Half Bathroom : 1
MLS#: N/A
Property Description
Cash-Flow Opportunity - Stabilize & Collect Massive 4,700 sq ft quadplex with additional flex space + half bath and a bonus extra lot included - all offered at $175,000. Unit mix: 2 - Three-bedroom / 1 bath units 2 - Two-bedroom / 1 bath units Lower-level flex space with half bath (additional income potential) After approximately $100K in cosmetic improvements and cleanup, this property has projected gross rents of nearly $70,000 annually at current Section 8 payment standards (3BR $1,638/mo; 2BR $1,276/mo). Pro forma NOI projects around $50K annually once stabilized, representing an approximate 18% cap rate based on total investment. Mechanicals are solid. Structure is strong. Value-add investors - this is the type of asset that builds long-term portfolio strength. Extra lot provides additional flexibility and future opportunity. SOLD AS-IS. Bring your contractor and your numbers. Opportunities with this scale and return profile at this price point move fast. NO SELLER FINANCING
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3183 W 46th Street, Cleveland OH 44102, United States,Ohio,Cleveland is a 4,745ft² Cleveland luxury Multi-Family Home listed for sale USD 175,000. This high end Cleveland Multi-Family Home is comprised of 10 bedrooms and 4 baths. Find more luxury properties in Cleveland or search for luxury properties for sale in Cleveland.