Kate Darrah
REALTOR®
BEDS6
BATHS2 full
SQUARE FEET2,396
MLS#5194031
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMorison & Andrews Allotment
SCHOOLCleveland Municipal - 1809
Property Description
Turnkey investment opportunity with immediate cash flow and serious upside potential! This fully rehabbed multi-family property features two spacious units, each offering 3 bedrooms and 1 full bathrooms?an extremely rare and desirable layout for both tenants and owner-occupants. The lower unit is currently rented at $979/month, while the upper unit?previously rented at $1,150/month (Eden/CMHA)?will be delivered vacant, giving the next owner flexibility to set new lease terms or maximize rents right away. Based on current CMHA fair market rent, 3-bedroom units are projected at up to $1,720/month, leaving significant room to increase income and boost overall returns. Whether you're an investor looking to expand your portfolio or a buyer interested in house hacking, this property offers the perfect setup?live in one unit while the other helps cover your mortgage. The property has been completely rehabbed with newer mechanics, plumbing, and electrical, providing peace of mind and minimizing immediate capital expenses. Don't miss this opportunity to secure a cash-flowing asset with built-in equity and rental upside!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Garage: 2
Heating: Forced Air
Lot Size: 0.09 Acres
Roof Type: Asphalt
Stories: 3.0
Taxes: $1,534 / year
Year Built: 1910
Feature Descriptions
Days on Site: 1
Exterior: Frame
Parcel#: 132-24-038
Parking: Driveway
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: alexysjones@kw.com, 440-694-5551
Shown By
Agent Name: Kate Darrah
Agent Phone: (330) 354-7419
Agency Title: DeHOFF REALTORS
Estimate Your Payment
Estimated Payment
$ 1,022.60 per month $839.35 Principal & Interest $127.83 Property Tax $55.42 Homeowner's InsuranceChange Payment Information
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6723 Clement Avenue | MLS# 5194031
This multi-family property located at 6723 Clement Avenue, Cleveland, OH 44105 is currently listed for sale with an asking price of $190,000. Clement Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on kdarrah.dehoff.com today.