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MULTI_FAMILY - Cleveland, OH
This multi-family side-by-side property features 3 bedrooms in each unit and is located in a revitalized area experiencing continued growth. With strong demand in the neighborhood, this property provides an excellent opportunity for an investor. For those considering a flip, there is plenty of upside with value-add improvements. For those seeking a buy-and-hold investment, the numbers are equally promising-CMHA and fair market rents are estimated at $1,329 per unit, with room for future increases. Additionally, each unit offers the potential to finish the third floor, creating a fourth bedroom and further increasing rental income and property value. For added ease and peace of mind, both hot furnaces are less than 3 years old. Whether your strategy is to flip for profit or hold for steady cash flow, this property offers flexibility, updates where it counts, and long-term potential.
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