3183 W 46th StreetCleveland, OH 44102




Cash-Flow Opportunity – Stabilize & Collect Massive 4,700 sq ft quadplex with additional flex space + half bath and a bonus extra lot included — all offered at $175,000. Unit mix: • 2 – Three-bedroom / 1 bath units • 2 – Two-bedroom / 1 bath units • Lower-level flex space with half bath (additional income potential) After approximately $100K in cosmetic improvements and cleanup, this property has projected gross rents of nearly $70,000 annually at current Section 8 payment standards (3BR ˜ $1,638/mo; 2BR ˜ $1,276/mo). Pro forma NOI projects around $50K annually once stabilized, representing an approximate 18% cap rate based on total investment. Mechanicals are solid. Structure is strong. Value-add investors — this is the type of asset that builds long-term portfolio strength. Extra lot provides additional flexibility and future opportunity. SOLD AS-IS. Bring your contractor and your numbers. Opportunities with this scale and return profile at this price point move fast. NO SELLER FINANCING
| 3 days ago | Listing first seen on site | |
| 4 days ago | Listing updated with changes from the MLS® |
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