19708 Kewanee Avenue, Cleveland, OH 44119

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Sold Price
$390,000
List Price
$437,000
Status
CLOSED
MLS#
5065546
Year Built
1920
Closing Date
Nov 13, 2024
Region
Cleveland
Township
Cleveland
Subdivision / Building
Berwick

Property Description

Incredible Opportunity in Cleveland! Acquire four cash-flowing duplexes as an 8-unit portfolio in a rapidly growing market. Currently 100% occupied with market-rate tenants, these properties bring in strong rents with potential for significant increases upon lease renewals. Recent updates include replaced mechanicals and various cosmetic enhancements, ensuring a well-maintained investment. All up/down style duplexes are situated in close proximity, making management straightforward. With an initial 9% cap rate and 13% cash-on-cash return, and the potential to achieve a 13% cap rate and 30%+ cash-on-cash returns, this portfolio offers exceptional growth and income potential. Don't miss out on this high-yield investment opportunity!

Additional Information

Taxes
$6,534
Acres
0.44
Sewer
Public Sewer
Water
Public
Heating
Forced Air
School District
Cleveland Municipal - 1809

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Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services

Selling Office: Russell Real Estate Services.

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