7507 Lawnview Avenue, Cleveland, OH 44103
- $375,000
- 12
- BD
- 4
- BA
- 5,624
- SqFt
- List Price
- $375,000
- Status
- ACTIVE
- Stories
- 2
- MLS#
- 5245178
- Year Built
- 1910
- Bedrooms
- 12
- Bathrooms
- 4
- Living Area
- 5,624
- Region
- Cleveland
- Township
- Cleveland
- Subdivision / Building
- Simpson & Goakes
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.
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Additional Information
- Taxes
- $5,216
- Acres
- 0.22
- Sewer
- Public Sewer
- Roof
- Asphalt, Fiberglass
- Water
- Public
- Heating
- Forced Air, Gas
- Cooling
- None
- School District
- Cleveland Municipal - 1809
Mortgage Calculator
Listing Courtesy of: Mark A Colucci, markcolucci@kw.com With Keller Williams Citywide
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