3584 46Th St Cleveland, OH 44102

This exceptional 22-unit multifamily investment portfolio presents a compelling opportunity in Cleveland's thriving Near West Side. Comprising 14 single-family homes, 5 duplexes, 1 triplex, and 2 fourplexes, this well-maintained portfolio offers 35 total units generating substantial rental income. The prime location ensures strong rental demand, supported by Cleveland's resurgent economy and growing population. Many units boast long-term tenants, providing stable cash flow and minimizing vacancy concerns. The current Net Operating Income (NOI) is $236,441.52, yielding an 8.55% cap rate, with potential for significant growth to 11.32% through increased rents and professional property management. The After Repair Value (ARV) is estimated at $3,854,030. This portfolio offers a blend of property types, catering to diverse investment strategies, and presents considerable upside potential through value-add renovations and future rent increases. The property is offered at $2,766,100. The 0.1-acre lot is conveniently located near amenities and transportation. Please note: Do not disturb tenants, and property walkthroughs are by appointment only after an accepted offer. An aerial video is available online.