3812 Mapledale Avenue, Cleveland, OH 44109

$599,900

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List Price
$599,900
Status
ACTIVE
MLS#
5259338
Year Built
1920
Region
Cleveland
Township
Cleveland
Subdivision / Building
Fish Heirs

Property Description

An excellent opportunity for investors seeking strong rental income and long term potential in Cleveland. This property features six spacious 2 bedroom, 1 bathroom units and is currently generating an impressive $7,126 in monthly rental income, totaling $85,512 annually. With an attractive 12% ROI, this property presents an exceptional opportunity for investors looking to maximize returns while expanding their portfolio. Conveniently located near Ohio City, Tremont, Downtown Cleveland and MetroHealth Medical Center, the property benefits from proximity to major employment centers, medical facilities, and everyday amenities that support consistent rental demand. With substantial income already in place, this property offers an appealing combination of location, unit mix, and established cash flow. With a 12% ROI and $85,512 in annual rental income, this six unit property represents an attractive opportunity to secure consistent cash flow, strengthen your investment portfolio, and capitalize on Cleveland’s thriving multifamily rental market.

Additional Information

Taxes
$10,702
Acres
0.24
Sewer
Public Sewer
Roof
Composition
Water
Public
Heating
Forced Air
School District
Cleveland Municipal - 1809

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Listing Courtesy of: Armani Adames, adamesarmani.aa@gmail.com With RE/MAX Above & Beyond

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