BEDS12
BATHS4 full
SQUARE FEET5,624
MLS#5245178
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSimpson & Goakes
SCHOOLCleveland Municipal - 1809
Property Description
Discover an exceptional value-add investment opportunity at 7507 Lawnview Avenue! This four-unit property features a desirable side-by-side, townhome-style layout, giving residents added privacy and the feel of a single-family home. Each spacious unit offers 3 bedrooms, 1 full bathroom, two levels of living space, a private basement, and separate front and rear entrances. Two units are currently generating income: Unit 4 rents for $1,640 per month through Section 8, and Unit 3 rents for $1,100 CASH per month. The two vacant units allow the next owner to complete improvements, place tenants at market rent, and quickly increase cash flow. With estimated market rents of $1,600+ per unit, the property offers potential gross rental income exceeding $6,000 per month when fully improved and occupied. This is an outstanding opportunity to acquire a high-upside multifamily asset, increase rents, build equity, and create a true cash-flow powerhouse in a high investment and new construction area.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Heating: Forced Air, Gas
Lot Size: 0.22 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $5,216 / year
Year Built: 1910
Feature Descriptions
Days on Site: 14
Exterior: Brick
Parcel#: 106-11-063
Parking: On Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Keller Williams Citywide
Agency Contact: markcolucci@kw.com, 440-590-5219
Shown By
Agent Name: Lydia Walls
Agent Phone: (937) 935-5597
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 2,641.69 per month $2,097.64 Principal & Interest $434.67 Property Tax $109.38 Homeowner's Insurance
7507 Lawnview Avenue | MLS# 5245178
This multi-family property located at 7507 Lawnview Avenue, Cleveland, OH 44103 is currently listed for sale with an asking price of $375,000. Lawnview Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.lydiawalls.com today.