9617 Lamontier AveCleveland, OH 44104

Property Details for 9617 Lamontier Ave

Property type

Apartment buildings

Description

This exceptional investment opportunity presents three duplexes totaling six units, situated in prime Cleveland, Ohio neighborhoods. The portfolio offers a compelling value-add proposition, with each property requiring some renovations to unlock its full potential. The asking price is $75,000, representing a compelling $12,500 per unit cost. Currently vacant, the properties present a blank canvas for customization and maximizing rental income. Individual unit details include: one duplex at 8918 Easton Ave (Cleveland, OH 44104) features six bedrooms, two bathrooms, and 1,496 square feet, with an after-repair value (ARV) of $130,000 and potential rent of $1,900; a second duplex at 9617 Lamontier Ave (Cleveland, OH 44104) offers four bedrooms, two bathrooms, and 1,408 square feet, with an ARV of $120,000 and potential rent of $1,700; and a third duplex at 14725 Elm Ave (East Cleveland, OH 44112) includes four bedrooms, two bathrooms, and 2,032 square feet, with an ARV of $110,000 and potential rent of $1,700. The properties are classified as Class B and boast a projected 13% capitalization rate. This portfolio presents a unique chance to acquire a multifamily investment at an affordable entry price, offering significant rental income potential and the opportunity for substantial value appreciation through strategic renovations. The properties can also be sold individually.

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4781

Longitude

-81.618

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