Vision Sales Team

3186 W 52nd Street

Cleveland , OH 44102

MLS#: 5058233

$214,900

Status: Closed
Listing number: 5058233
Listing provided by: Russell Real Estate Services
Listing agent phone: None
Last update: 1 year, 5 months ago
On site: 1 year, 7 months ago
Browse Properties
James M Hoyts Sub - Residential Income

Property

Beds

8

Full Baths

4

1/2 Baths

None

Year Built

1900

Sq.Footage

4,413

Unlock a lucrative investment opportunity with this prime 4-unit property on Cleveland’s sought-after west side! This well-maintained building boasts two currently occupied Section 8 units, with one leasing for $650/month through February 2025, the second unit rented for $775 on an annual lease expiring 7/31/2025 and another at $800/month on a month-to-month basis. The remaining unit is in the leasing process and is being marketed for $950/month, with potential for $1,000/month following minor cosmetic updates. The property features four 2-bedroom, 1-bathroom units and offers a potential strong return with a nearly 14% cap rate and over 20% cash-on-cash return. Tenants cover their own electricity and gas, while the owner is responsible for water and sewer, making this an attractive, high-yield investment with minimal management demands.

Features & Amenities

Interior

  • Total Bedrooms

    8

  • Bathrooms

    4

  • Above Grade Finished Area

    4413.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    N/A

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Wood Siding

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.105

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $214,900

  • Tax Amount

    $4,614

  • Sq. Footage

    4, 413

  • Price/SqFt

    $48

HOA

  • Association

    No

School District

  • Elementary School

    Cleveland Municipal - 1809

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

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Location

County

Cuyahoga

Elementary School

Cleveland Municipal - 1809

Middle School

High School

Listing Courtesy of Tal Tamir , Russell Real Estate Services

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Agent Carla Ponikvar

Agent / Realtor®

Carla Ponikvar

Call Carla today to schedule a private showing.

(330) 760-3338

CarlaP@visionsalesteam.com


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Unlock a lucrative investment opportunity with this prime 4-unit property on Cleveland’s sought-after west side! This well-maintained building boasts two currently occupied Section 8 units, with one leasing for $650/month through February 2025, the second unit rented for $775 on an annual lease expiring 7/31/2025 and another at $800/month on a month-to-month basis. The remaining unit is in the leasing process and is being marketed for $950/month, with potential for $1,000/month following minor cosmetic updates. The property features four 2-bedroom, 1-bathroom units and offers a potential strong return with a nearly 14% cap rate and over 20% cash-on-cash return. Tenants cover their own electricity and gas, while the owner is responsible for water and sewer, making this an attractive, high-yield investment with minimal management demands.

3186 W 52nd Street

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