43
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$415,000
Est. payment /mo
5,662 Sqft Lot
Active
8301 & 9511 Madison AVE Cleveland, OH 44102
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5119002
HOA Y/N No
Year Built 1890
Annual Tax Amount $10,186
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Apartment
Property Description
Value-add multifamily opportunity: 10 units across 2 buildings! A rare chance to acquire a package of 2 small apartment buildings, totaling 10 units— a 4-unit and a 6-unit property— offered together in a strong rental market. This is a true value-add opportunity, ideal for investors seeking upside potential through light renovations and cosmetic improvements. The unit mix includes 2 two bedroom units, 6 one bedroom units, and 2 efficiency/studio units. 4 of the 10 units are currently vacant, offering immediate renovation potential without tenant disruption. The 6 occupied units are currently rented well below market rent, presenting significant potential for income growth. The owner pays all utilities, as the units are not individually metered. This is a compelling opportunity for investors seeking scale, value, and immediate path to increased cash flow and long-term appreciation.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air, Gas
Fireplace No
Exterior
Water Access Desc Public
Roof Type Flat
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 006-03-028
Listed by Aimee Neiman • Keller Williams Chervenic Rlty • aimeeneiman@kw.com 330-620-1123
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Lorrie Raymond
OH/Realtor Manager & West Virginia Agent | License ID: SAL.2018004006, WVS230302470