8301 & 9511 Madison Avenue Cleveland, OH 44102
Apartment
MLS #: 5119002
Courtesy Of Chervenic Realty Inc
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 10
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: 5119002
- Roof Type: Flat
MAP & DIRECTIONS
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