3334 W 82nd ST new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44102
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,950 sqft
Price per Sqft $125
Subdivision Seidman
MLS Listing ID 5130342
Bedrooms 7
Full Baths 4
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 1,950
Year Built 1910
Annual Tax Amount $4,258
Tax Year 2024
Lot Size 4,586 Sqft
Acres 0.1053
Property Sub-Type Quadruplex
Property Description
Incredible opportunity to purchase a four-unit property on the highly sought-after west side of Cleveland! This value-add investment features three 2-bedroom, 1-bath units (two of which are currently occupied at $550 and $650/month on month-to-month leases) and a one-bedroom, one-bath attic unit. The vacant 2-bedroom, one-bath unit is in the basement with a full kitchen and bathroom. Projected market rents are $1,000/month for the two occupied 2-bedroom units, $800/month for the 1-bedroom and $850/month for the vacant 2-bedroom basement unit, bringing the total projected gross annual income to $43,800. Cleveland's rental market remains strong, driven by steady demand, affordable pricing, and reliable cash flow—making this an excellent market for investors. The property has three gas meters and three electric meters; the owner currently pays utilities for the basement unit. The City of Cleveland Lead Inspection is in process for renewal, with no anticipated issues, giving new ownership a clear path to lead-free certification at closing. A rare chance to secure a high-yield, easy-to-manage multifamily asset in a growing market! *Note: Owner states that there are 4 units with 7 bedrooms and 4 bathrooms but the county auditor's website states that there are 2 units with 5 bedrooms and 3 bathrooms.
Location
State OH
County Cuyahoga
Rooms
Basement Finished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features On Site,Off Street,Paved
Water Access Desc Public
Roof Type Asphalt,Shingle
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 017-33-011
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Standard