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12722 Lorain Avenue, Cleveland, OH 44111

$399,900
  • 12722 Lorain Avenue, Cleveland, OH 44111 Main Photo
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New to the Market Active
BEDS8 BATHS4 full MLS#5236400
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONLenox Park Allotment SCHOOLCleveland Municipal - 1809

Property Description

Exceptional investment opportunity in the heart of Cleveland's thriving West Side! This well-maintained 4-unit multifamily property offers immediate cash flow with significant upside potential. Currently generating rental income from fully occupied, month-to-month tenants, the property features rents of three units at $900/month, one unit at $850/month, providing flexibility for future rent adjustments to market rates. Recent capital improvements, including newer furnaces and central air updates, help minimize maintenance expenses and add long-term value. Whether you're expanding your investment portfolio or seeking a value-add asset with stable occupancy, this property presents a rare opportunity in a desirable location near shopping, dining, public transportation, and major highways. Don't miss your chance to own a high-performing multifamily investment with room for even greater returns.

12722 Lorain Avenue | MLS# 5236400

This multi-family property located at 12722 Lorain Avenue, Cleveland, OH 44111 is currently listed for sale with an asking price of $399,900. Lorain Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.dehoff.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Hot Water, Steam
Lot Size: 0.08 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $5,902 / year
Year Built: 1900

Feature Descriptions

Days on Site: 2
Exterior: Brick
Parcel#: 021-27-028
Parking: Paved
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Listed By / Shown By

Listed By

Agency Name: HomePoint Real Estate
Agency Contact: 216-548-8370, basselbahhur@yahoo.com

Shown By

Agency Title: DeHOFF REALTORS
Agency Phone: 330-499-8153

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Estimated Payment

$ 2,375.08 per month $1,766.61 Principal & Interest $491.83 Property Tax $116.64 Homeowner's Insurance

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