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