5711 Clark AVE Active Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44102
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Diodate Clarks
MLS Listing ID 5126734
Year Built 1910
Annual Tax Amount $5,254
Tax Year 2024
Lot Size 7,522 Sqft
Property Sub-Type Apartment
Property Description
Turnkey 5-Unit Apartment Building! This fully occupied, lead-certified 5-unit multifamily property delivers a strong 9.9% cap rate and consistent cash flow from day one. Four of the five units have been completely renovated, and several are subsidized or Section 8 eligible, offering reliable rent payments and smooth inspection compliance. Each unit includes assigned parking, ensuring ease of access for tenants. An unfinished attic presents the opportunity to add a 6th unit, further increasing ROI. Ideally located directly across from the newly constructed Clark School and Clark Recreation Center, this asset benefits from continued neighborhood growth and rising rental demand. A rare combination of strong current returns, low maintenance, and clear upside—perfect for investors looking to scale their portfolio with a high-performing, future-ready asset.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Laundry Coin-operated
Exterior
Parking Features Driveway,Garage
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard