OH > Cleveland > Burke Worley & Webster
Cleveland, OH 44105,7301 Harvard AVE
Cleveland, OH 44105,7301 Harvard AVE
Cleveland, OH 44105,7301 Harvard AVE
14
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$295,000
Est. payment /mo
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11 Beds
5 Baths
2,552 SqFt
Active

7301 Harvard AVE Cleveland, OH 44105

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Lorrie Raymond

Lorrie Raymond

+1(740) 381-7793

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,552 sqft

Price per Sqft $115

Subdivision Burke Worley & Webster

MLS Listing ID 5117330

Bedrooms 11

Full Baths 5

HOA Y/N No

Abv Grd Liv Area 2,552

Year Built 1900

Annual Tax Amount $3,978

Tax Year 2024

Lot Size 5,549 Sqft

Acres 0.1274

Property Sub-Type Quadruplex

Property Description

Discover an exceptional investment at 7301 Harvard Ave, Cleveland, OH 44105, featuring a quadplex plus single-family home perfect for both seasoned investors seeking to bolster their portfolio with a high cash-flowing property and new investors looking to break into the market with a turnkey asset. Boasting 5, fully occupied income-producing units, this property generates $4,000 in gross monthly income ($48,000 annually), delivering robust cash flow and outstanding returns. With average monthly expenses of $1,400 (excluding mortgage), it yields a Net Operating Income of $31,200, equating to an impressive 10.5% cap rate and nearly a 20% cash-on-cash return. Located in a revitalizing Cleveland neighborhood with strong rental demand, this property benefits from proximity to public transit, amenities, and a healthcare-driven economy. Nearly all units have been updated within the last three years, featuring a solid brick structure and aluminum siding for easy maintenance and minimal compliance costs. The 5-unit configuration diversifies income, reduces vacancy risk. This low-maintenance, high-performing property promises immediate cash flow, long-term appreciation, and value-add potential through rent optimization or minor upgrades. Don't miss this opportunity to own a turnkey gem in one of Ohio's top real estate markets. Contact us today because this one won't stick around long.

Location

State OH

County Cuyahoga

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Parking Features Common, Driveway

Water Access Desc Public

Roof Type Asphalt,Fiberglass,Flat

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 133-18-063

Special Listing Condition Standard

Listed by John Currid • VSD Realty, LLC. • 216-406-1772 victor@vsdrealty.com

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agent

Lorrie Raymond

OH/Realtor Manager & West Virginia Agent | License ID: SAL.2018004006, WVS230302470

+1(740) 381-7793

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