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
Address12014 Iowa Avenue
CityCleveland
StateOH
Zip Code44108
Price$235,000
Property TypeResidential Income
Listing TypeQuadruplex
Bedrooms4
Bathrooms4
Area4,911 Sq Ft
Location
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