3812 Mapledale Avenue, Cleveland, OH 44109
sale
$599,900
|
Apartment
Courtesy Of RE/MAX Trinity LLC
An excellent opportunity for investors seeking strong rental income and long term potential in Cleveland. This property features six spacious 2 bedroom, 1 bathroom units and is currently generating an impressive $7,126 in monthly rental income, totaling $85,512 annually. With an attractive 12% ROI, this property presents an exceptional opportunity for investors looking to maximize returns while expanding their portfolio. Conveniently located near Ohio City, Tremont, Downtown Cleveland and MetroHealth Medical Center, the property benefits from proximity to major employment centers, medical facilities, and everyday amenities that support consistent rental demand. With substantial income already in place, this property offers an appealing combination of location, unit mix, and established cash flow. With a 12% ROI and $85,512 in annual rental income, this six unit property represents an attractive opportunity to secure consistent cash flow, strengthen your investment portfolio, and capitalize on Cleveland's thriving multifamily rental market.
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Property Features
- Age: Over 50 Years Old
- Building Units: 6
- Heating System: Forced Air
- Legal Description: 55 FISH BLISS S/L 82 SEP 000F SWP
- MLSID: 5259338
- Roof Type: Composition
- Rooms: Basement
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