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For Sale Quadruplex

12014 Iowa Avenue, Cleveland, OH

12014 Iowa Avenue, Cleveland, OH, 44108
$235,000

Property Details

4 Bedrooms
4 Bathrooms
4,911 Sq Ft
Quadruplex

Description

Fully occupied, cash-flowing 4-unit investment opportunity generating income from day one. This solid brick quadruplex features four 1-bedroom, 1-bath units, all currently tenant occupied with rents ranging from $650–$860 per month.The property offers approximately 4,900 square feet of living space across two levels and presents a great opportunity for investors seeking stable rental income with long-term hold potential.Conveniently located in Cleveland’s Eddy Road neighborhood just south of I-90, offering quick highway access and proximity to local amenities.There is also a value-add opportunity, as the property is pending city approval to convert the existing 1 bed / 1 bath units into 2 bed / 1 bath units, which may increase rental demand and future rent potential. This provides investors with the ability to enhance unit layouts and maximize income potential over time.

Property Information

Address 12014 Iowa Avenue
City Cleveland
State OH
Zip Code 44108
Price $235,000
Property Type Residential Income
Listing Type Quadruplex
Bedrooms 4
Bathrooms 4
Area 4,911 Sq Ft

Location

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