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$2,866,100
10 Days On Site

3584 W 46th Street
Cleveland, OH 44102

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1920
Built
Subdivision:
Brooklyn
County:
Cuyahoga
Call Now: 440-617-2500
Is this the home for you? We can help make it yours.
440-617-2500
3584 W 46th Street3584 W 46th Street3584 W 46th Street3584 W 46th Street
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This exceptional 22 investment property package offers an incredible opportunity to capitalize on Cleveland's resurgence. Nestled in the vibrant Near West Side, this portfolio boasts a diverse mix of well-maintained homes, providing stable income and significant upside potential. Why Cleveland? • Affordable Investment: Cleveland offers competitive property values compared to other major cities, making it an attractive market for investors.   • Resurgent City: Cleveland is experiencing a revitalization with a thriving arts scene, world-class museums, and a growing culinary scene.   • Strong Rental Demand: A growing population and job market drive consistent demand for quality rental housing. • Diverse Property Mix: This package includes a variety of property types to suit your investment strategy. Key Features: • 35 Total Units: A substantial portfolio to generate significant rental income. • Prime Location: Situated in the desirable Near West Side, close to amenities and transportation. • Well-Maintained Properties: The units are in good condition, minimizing maintenance costs. • Stable Tenancy: Many long-term tenants ensure reliable cash flow.   • Upside Potential: Opportunities for value-add renovations and increased rental rates. CAP RATE – 8.25% Current NOI with anticipated 2024 pay in 2025 property taxes - $236,441.52 Multiple units have extremely low rents, with increased rents, and a management agency, the Cap Rate has a potential of 11.32%. After Repair Value - $3,854,030 Don't miss this chance to invest in Cleveland's exciting future. Contact me today to learn more about this exceptional investment opportunity. Portfolio consists of 14 Single Family homes, 5 Duplexes, 1 Triplex, and 2 Fourplexes. Do not disturb tenants, do not walk properties. Inspections upon accepted offer only! Find the video w/ aerials online, or ask your agent for a link.

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Listing Snapshot
Price 
$2,866,100
Days On Site 
10 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.102 Acres
Year Built 
1920
MLS® Number 
5089683
Status 
Active
Property Tax 
$31,433
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing first seen on site
2 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.102
Additional Property Use 
InvestmentMulti-FamilyResidentialSingle FamilySee Remarks
Parking 
DrivewayDetachedGarageNo GarageOff StreetPavedOn StreetSee RemarksVaries by Unit
Property Sub Type 
Apartment
Sewer 
Public Sewer
Water Source 
Public
Interior Features
Basement 
FullUnfinished
Heating 
Forced Air
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Exterior Features
Roof 
AsphaltFiberglass
Community Features
Financing Terms Available 
Cash
School District 
Cleveland Municipal - 1809
Township 
Cleveland
Schools
School District
Cleveland Municipal - 1809
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Linas K Muliolis of Century 21 Homestar



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2024 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
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