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$316,000
6 Beds 4 Baths 5202364 MLS
ATTENTION VALUE-ADD INVESTORS: 30-YEAR LEGACY PROPERTY WITH MASSIVE UPSIDE! Unlock incredible equity in this rock-solid, all-brick 4-plex located in a high-demand rental pocket of Cleveland. Held by the same owner for over 30 years, this property is the definition of a "diamond in the rough." While the building requires some TLC and shows deferred maintenance (condition is slightly below average), the structural integrity of this all-brick 1927 build is a major selling point that is hard to find in today's market. WHY THIS IS THE DEAL OF THE YEAR: * Massive Rent Spread: Rents are currently significantly below market value. With professional management and cosmetic updates, there is a clear path to double the current NOI. * Solid Infrastructure: A "forever" building with 2) 2-bed/1-bath and 2) 1-bed/1-bath units. It features separate gas/electric meters, newer water tanks, and a sturdy brick exterior. * In-Demand Amenities: Includes 2 off-street parking spaces and basement washer/dryer hookups—essential features that drive 0% vacancy. * Priced for the Spread: Strategically priced to account for maintenance needs, allowing the next owner to capture the appreciation gap as the property is brought to "Market Gold" standard. * Financials: Currently performing at a 6.3% Cap Rate even with below-market rents. Projections show a total equity accumulation of over $117k within Year 1 following stabilization. Bring your contractor and your vision—this is a "set it and forget it" asset once the initial work is done. Priced to Sell AS-IS no retrade. Can show 1 vacant unit - Don't miss this one!

3738 W 137th Street, Cleveland

$3,150,000
7 Beds 8 Baths 5186020 MLS
Welcome to 10710 Edgewater Dr, a truly rare waterfront estate where sweeping lake views meet dramatic city skylines. From the moment you arrive, the home commands attention with its expansive footprint, in-ground pool, heated driveway & attached 4-car garage, all positioned to maximize both lifestyle & setting. This residence offers 7 bedrooms, 6 full bathrooms, & 2 half bathrooms, thoughtfully arranged to support both grand entertaining & everyday comfort. The main level is anchored by a serene first floor primary suite, designed as a true retreat with an expansive spa inspired ensuite bath & walk in closet & access to the back deck. Three additional first floor bedrooms provide generous accommodations for family or guests. The heart of the home unfolds into a dramatic open concept kitchen, dining, & living space, where stainless steel appliances, 8-burner oven, & an oversized center island with a 2nd oven, create a refined yet welcoming atmosphere. The living room is warm & inviting with a fireplace & walls of windows designed to capture the stunning waterfront & city backdrop. Above the garage, a fully self-contained living quarters with a private entrance offers remarkable versatility, featuring 2 bedrooms, 2 full bathrooms, a complete kitchen, dining room, living room, laundry area, & bonus room, perfect for extended stays or private guest living. Upstairs, separate from the additional living area, is a bedroom with its own full bath & a loft area, adding further living space. The fully finished basement enhances the home’s lifestyle appeal with a gym area, home theater setup, expansive recreation space, & an additional half bath. The home is designed for wheelchair accessibility with an included elevator that reaches all floors. Designed for those who value space, views, & distinction, 10710 Edgewater Dr delivers a level of waterfront living that is exceptionally rare, where every room, every angle, & every detail is crafted to elevate the experience.

10710 Edgewater Drive, Cleveland

$815,000
8 Beds 8 Baths 4470238 MLS
Located in Cleveland's hottest downtown residential neighborhood of Tremont, situated along the Towpath Trail, minutes from Downtown Cleveland, Tremont is Cleveland’s vibrant urban village where visitors mingle seamlessly with residents, business owners, artists and entrepreneurs. This oversized parcel with addl land and private off-street parking offers 8-multifamily units featuring six units in the front house (2113) and two very large up-down units (2109) commanding upwards of $1550 per mo. Major CapX improvements across the board boast brand new tear-and-replaced roofs and gutters on both structures; brand new electrical sub panels to all units with market rate renovations to a majority of the units. Duplex units in rear have brand new floors, updated kitchens, freshly painted and rent ready. All units have new or newer mechanicals (furnaces and hot water tanks) with Dry locked water-sealed basements and storage locker opportunities. Cash flow positive turning out $91,200 annual, strong upside advantage with the unfinished vacant third floor spaces (rentable net square footage of 2,200sf+) with added-value opportunities to update remaining units. At market rate, renovated lease ups/rents could potentially fetch upwards of $16,000+ monthly or $190,000+ annually. This unique opportunity also includes addl land in the rear—possible ADU (Additional Dwelling Units); 7-15 year tax abated renovation rehab program and Opportunity Zone (OZ Fund) designated development area.

2109-2113 W 11th Street, Cleveland

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