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About This Home
This 4-bedroom, 4-bathroom residential multi family at 12014 Iowa Avenue in Cleveland, OH is listed for $235,000 ($48 per sqft). Built in 1924, the home offers 4,911 sqft of living space on a 0.07 acres lot.
Fully occupied, cash-flowing 4-unit investment opportunity generating income from day one. This solid brick quadruplex features four 1-bedroom, 1-bath units, all currently tenant occupied with rents ranging from $650-$860 per month. The property offers approximately 4,900 square feet of living space across two levels and presents a great opportunity for investors seeking stable rental income with long-term hold potential.
Conveniently located in Cleveland's Eddy Road neighborhood just south of I-90, offering quick highway access and proximity to local amenities. There is also a value-add opportunity, as the property is pending city approval to convert the existing 1 bed / 1 bath units into 2 bed / 1 bath units, which may increase rental demand and future rent potential. This provides investors with the ability to enhance unit layouts and maximize income potential over time.
Key Features
- Built in 1924
- 0.07 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$1,257/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
12014 Iowa Avenue
Cleveland, OH 44108
Eddy Road Allotment
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 4-bathroom residential multi family at 12014 Iowa Avenue is listed at $235,000 ($48/sqft). The estimated monthly payment is $1,018 based on 20% down at 6.5% interest.
Key features include: Built in 1924, 0.07 acre lot, 2 stories.
This property is listed by Vanessa L Motaabbed and can be reached at 2167703442 or vanessa@clehomepros.com.
