Property Description

Fully occupied and income-producing, this versatile multi-family asset in Cleveland's Clark-Fulton neighborhood offers immediate cash flow with future value-add potential. The property features three occupied units generating a combined $3,600 per month in rental income. The front lower unit offers 3 bedrooms and 1 bathroom and is currently leased for $1,000 per month. The detached rear house is occupied and rented for $1,500 per month, providing strong, stable income. The upper unit is a 1-bedroom, 1-bathroom apartment leased to a CMHA tenant at $1,100 per month, delivering reliable, subsidized rental revenue. Located in a well-established urban neighborhood, the property benefits from convenient access to downtown Cleveland, major transportation corridors, employment centers, shopping, dining, and everyday amenities. This is an excellent opportunity for investors seeking a stabilized asset with strong in-place income and long-term upside potential.

Property Features

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