Cleveland, OH 44119,19708 Kewanee AVE
Cleveland, OH 44119,19708 Kewanee AVE
Cleveland, OH 44119,19708 Kewanee AVE
50
$390,000
$437,000
10.8%
Est.Price: ?

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0.44 Acres Lot

19708 Kewanee AVE Cleveland, OH 44119

Est. payment /mo
SOLD DATE : 11/13/2024

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Key Details

Sold Price $390,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Subdivision Berwick

MLS Listing ID 5065546

Sold Date 11/13/24

HOA Y/N No

Year Built 1920

Annual Tax Amount $6,534

Tax Year 2023

Lot Size 0.436 Acres

Acres 0.436

Property Description

Incredible Opportunity in Cleveland! Acquire four cash-flowing duplexes as an 8-unit portfolio in a rapidly growing market. Currently 100% occupied with market-rate tenants, these properties bring in strong rents with potential for significant increases upon lease renewals. Recent updates include replaced mechanicals and various cosmetic enhancements, ensuring a well-maintained investment. All up/down style duplexes are situated in close proximity, making management straightforward. With an initial 9% cap rate and 13% cash-on-cash return, and the potential to achieve a 13% cap rate and 30%+ cash-on-cash returns, this portfolio offers exceptional growth and income potential. Don't miss out on this high-yield investment opportunity!

Location

State OH

County Cuyahoga

Interior

Heating Forced Air

Fireplace No

Exterior

Water Access Desc Public

Present Use Residential

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 114-22-055

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687
Bought with Tal Tamir • Russell Real Estate Services

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Derek Villers

REALTOR/Salesperson | License ID: WVS200301302

+1(304) 532-4907

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