For Sale
$799,000

4467 Lee Rd Cleveland, OH 44128

High-Yield Multifamily Investment Opportunity

Overview

Added:
Feb 3
Days on market:
82
This exceptional 9-unit apartment building, situated on a 0.14-acre lot at 4467 Lee Road in Cleveland, Ohio, presents a compelling investment opportunity. The property encompasses 8,004 square feet within a durable all-brick structure. Each of the nine units offers two bedrooms and one bathroom, providing comfortable and spacious living for tenants. Eight of the nine units are currently occupied, generating immediate and substantial cash flow. Recent capital improvements significantly enhance the property's value and minimize future maintenance needs. These upgrades include a brand-new roof, complete basement waterproofing, and cosmetic renovations in several units. The property also features the convenience of private parking for residents. Its prime location in the 44128 zip code of Cleveland offers easy access to shopping, dining, and public transportation, ensuring high tenant demand and occupancy rates. This well-maintained property represents a solid, income-producing asset with significant potential for future appreciation, making it an ideal addition to any real estate portfolio. The asking price is $799,000.

Property Details for 4467 Lee Rd

Property type
Apartment buildings
Square Feet
8,004 SF
Year Built
1963
Lot Size (sq. ft)
6,098 SF

Location Insight

City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.43715
Longitude
-81.56435

FAQs

What type of property is this?
Apartment building - High-Yield Multifamily Investment Opportunity
Where is the apartment building located?
The property is located at 4467 Lee Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $799,000.
How can I contact the broker?
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4467 Lee Rd
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