12 Beds
6 Baths
6,424 SqFt
12 Beds
6 Baths
6,424 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,424 sqft
Price per Sqft $77
Subdivision Simpson & Goakes
MLS Listing ID 5155900
Bedrooms 12
Full Baths 4
Half Baths 2
HOA Y/N No
Abv Grd Liv Area 6,424
Year Built 1910
Annual Tax Amount $5,373
Tax Year 2024
Lot Size 9,561 Sqft
Acres 0.2195
Property Sub-Type Quadruplex
Property Description
Welcome to 7507 Lawnview Ave, a one-of-a-kind side-by-side fourplex featuring four spacious 3-bedroom townhome units! Each unit offers a full upstairs, a private basement, and both front & back entrances, giving tenants the feel of true single-family living. units have been thoughtfully renovated with modern LVP flooring, granite countertops, and major mechanical updates including multiple newer furnaces. This property is truly a cash cow for investors—whether you're local or out-of-state.
Cash-Flow Machine
Currently rented to reliable Section 8 tenants, the property generates a gross monthly income of $5,675:
• 7507 – $1,400
• 7509 – $1,385
• 7511 – $1,250
• 7513 – $1,640
That's $68,100 annually with tenants covering all utilities except water & sewer—keeping owner expenses low and profit margins high.
Highlights:
• Four side-by-side 3-bedroom townhome units
• Private basements & dual entrances for every unit
• Renovated interiors with LVP & granite finishes
• Multiple newer furnaces & key upgrades completed
• Fully rented, strong Section 8 tenancy
• Tenants pay gas & electric
Property is lead safe certified with the city!
Offered at just $499,900, this rare Cleveland fourplex is a true cash cow that won't last long. Opportunities like this don't come around often—schedule your showing today before it's gone!
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features On Street
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 106-11-063
Special Listing Condition Standard
"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."
1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States