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For Sale Quadruplex

7507 Lawnview Avenue, Cleveland, OH

7507 Lawnview Avenue, Cleveland, OH, 44103
$309,000

Property Details

12 Bedrooms
4 Bathrooms
5,624 Sq Ft
Quadruplex

Description

Discover an exceptional value-add investment opportunity at 7507 Lawnview Avenue! This four-unit property features a desirable side-by-side, townhome-style layout, giving residents added privacy and the feel of a single-family home.Each spacious unit offers 3 bedrooms, 1 full bathroom, two levels of living space, a private basement, and separate front and rear entrances. Two units are currently generating income: Unit 4 rents for $1,640 per month through Section 8, and Unit 3 rents for $1,100 CASH per month. The two vacant units allow the next owner to complete improvements, place tenants at market rent, and quickly increase cash flow.With estimated market rents of $1,600+ per unit, the property offers potential gross rental income exceeding $6,000 per month when fully improved and occupied. This is an outstanding opportunity to acquire a high-upside multifamily asset, increase rents, build equity, and create a true cash-flow powerhouse in a high investment and new construction area.

Property Information

Address 7507 Lawnview Avenue
City Cleveland
State OH
Zip Code 44103
Price $309,000
Property Type Residential Income
Listing Type Quadruplex
Bedrooms 12
Bathrooms 4
Area 5,624 Sq Ft

Location

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