3186 W 52nd ST Pending Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44102
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,413 sqft
Price per Sqft $48
Subdivision James M Hoyts Sub
MLS Listing ID 5058233
Bedrooms 8
Full Baths 4
Year Built 1900
Annual Tax Amount $4,614
Tax Year 2023
Lot Size 4,573 Sqft
Property Description
Unlock a lucrative investment opportunity with this prime 4-unit property on Cleveland?s sought-after west side! This well-maintained building boasts two currently occupied Section 8 units, with one leasing for $650/month through February 2025, the second unit rented for $775 on an annual lease expiring 7/31/2025 and another at $800/month on a month-to-month basis. The remaining unit is in the leasing process and is being marketed for $950/month, with potential for $1,000/month following minor cosmetic updates. The property features four 2-bedroom, 1-bathroom units and offers a potential strong return with a nearly 14% cap rate and over 20% cash-on-cash return. Tenants cover their own electricity and gas, while the owner is responsible for water and sewer, making this an attractive, high-yield investment with minimal management demands.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Exterior
Garage On Street
Waterfront No
Roof Type Composition
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Standard