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7507 Lawnview Avenue, Cleveland, OH 44103

$449,000
  • 7507 Lawnview Avenue, Cleveland, OH 44103 Main Photo
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Pending
BEDS12 BATHS4 full 2 partial SQUARE FEET6,424 MLS#5155900
STATUSPending PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONSimpson & Goakes SCHOOLCleveland Municipal - 1809

Property Description

RARE GEM SECTION 8 Fourplex Investment Opportunity! 5,675$ gross rent per month!!! 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!

7507 Lawnview Avenue | MLS# 5155900

This multi-family property located at 7507 Lawnview Avenue, Cleveland, OH 44103 is currently listed for sale with an asking price of $449,000. Lawnview Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.progressiveurban.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Heating: Forced Air, Gas
Lot Size: 0.22 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $5,373 / year
Year Built: 1910

Feature Descriptions

Days on Site: 173
Exterior: Brick
Parcel#: 106-11-063
Parking: On Street
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Listed By / Shown By

Listed By

Agency Name: Keller Williams Citywide
Agency Contact: markcolucci@kw.com, 440-590-5219

Shown By

Agency Title: Progressive Urban Real Estate
Agency Phone: (216) 619-9696

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Estimated Payment

$ 1,577.99 per month $999.28 Principal & Interest $447.75 Property Tax $130.96 Homeowner's Insurance

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