26
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$185,000
Est. payment /mo
8 Beds
4 Baths
5,998 Sqft Lot
New
10413 Yale AVE Cleveland, OH 44108
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Key Details
Property Type Single Family Home
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Low & Edwards
MLS Listing ID 5217220
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1918
Annual Tax Amount $2,871
Tax Year 2025
Lot Size 5,998 Sqft
Acres 0.1377
Property Sub-Type Quadruplex
Property Description
Investor opportunity! This fully occupied four-unit property offers immediate cash flow with below-market rents totaling $2305, creating a compelling value-add opportunity for investors seeking both current income and future growth. With current operations generating an approximate 11.5% cap rate based on existing rents and known expenses, this property provides strong in-place returns from day one. As units turn over, investors have the opportunity to renovate and bring rents closer to market levels, potentially increasing cash flow and overall property value. Whether you're looking to expand an existing portfolio or acquire a multifamily asset with upside potential, this property checks the boxes: stable occupancy, strong current income, below-market rents, and room to increase returns over time. Offered at an attractive price point, this is an excellent opportunity to acquire a cash-flowing asset with built-in value-add potential.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features None
Water Access Desc Public
Roof Type Flat
Garage false
Private Pool No
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 108-22-103
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Jermaine R Burge • Keller Williams Greater Metropolitan • jburge@kw.com, 216-215-5727
NEARBY SCHOOL & BUSINESS
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