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Donna Trunko
(440) 331-8500
Mobile Phone:
(440) 567-9024
donna@donnatrunko.com
OH Lic # 0000303783
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Donna Trunko
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(440) 331-8500
Mobile Phone:
(440) 567-9024
donna@
donnatrunko.com
OH Lic # 0000303783
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(440) 331-8500
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Join Us
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FOR SALE
$465,000
Calculate Payment

8201 Madison Avenue
Cleveland, OH 44102

Apartment, Business Opportunities
Residence
8,160
Sqft
0.1644
Lot Size
Courtesy: Russell Real Estate Services, tal@premierclevelandinvesting.com 216-870-8687

Description for 8201 Madison Avenue Cleveland, OH 44102

Introducing a promising investment opportunity in the up-and-coming "West 80's" neighborhood, adjacent to Edgewater in Detroit Shoreway on Cleveland's west side! This all-brick 6-unit property offers individual furnaces and hot water tanks, along with updated electrical panels for added convenience and efficiency. Currently, two units await light turns to make them rent-ready, mainly requiring flooring and minor touch-ups. With four units already occupied, the property collects a total gross monthly rent of $3,190. However, upon full occupancy at market rents, the potential monthly income could soar to $6,000. Each unit features a comfortable 2-bed/1-bath layout, ensuring broad appeal to prospective tenants. Notable updates include the replacement of all six water tanks within the last five years and the recent replacement of two furnaces, with the remaining four furnaces in satisfactory working condition. Don't miss the chance to capitalize on this opportunity in a neighborhood on the rise, offering both immediate returns and long-term potential for growth!

Property Details

5031904
Apartment, Business Opportunities, Other
Cuyahoga
1918
0.1644 Acres
Public
Public Sewer
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Courtesy: Russell Real Estate Services, tal@premierclevelandinvesting.com 216-870-8687
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than the owner of this site are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 NEOHREX. All rights reserved.
This content last refreshed on 5/2/2024 8:51 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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Member of: Berkshire Hathaway HomeServices Lucien Realty, (440) 331-8500
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Donna Trunko

18630 Detroit Ave., Lakewood, OH 44107 | Phone: (440) 567-9024 | Email: donna@donnatrunko.com

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