3584 W 46Th St, Cleveland, OH 44102
- Duplexes
Current Use by Public Records
- Duplexes
Property Details for 3584 W 46Th St
- Year built
- 1920
- Property type
- Duplexes
- Property subtype
- Triplexes
Description
This exceptional 22 investment property package offers an incredible opportunity to capitalize on Cleveland's resurgence. Nestled in the vibrant Near West Side, this portfolio boasts a diverse mix of well-maintained homes, providing stable income and significant upside potential. Why Cleveland? ... • Affordable Investment: Cleveland offers competitive property values compared to other major cities, making it an attractive market for investors. • Resurgent City: Cleveland is experiencing a revitalization with a thriving arts scene, world-class museums, and a growing culinary scene. • Strong Rental Demand: A growing population and job market drive consistent demand for quality rental housing. • Diverse Property Mix: This package includes a variety of property types to suit your investment strategy. Key Features: • 35 Total Units: A substantial portfolio to generate significant rental income. • Prime Location: Situated in the desirable Near West Side, close to amenities and transportation. • Well-Maintained Properties: The units are in good condition, minimizing maintenance costs. • Stable Tenancy: Many long-term tenants ensure reliable cash flow. • Upside Potential: Opportunities for value-add renovations and increased rental rates. CAP RATE – 8.55% Current NOI with anticipated 2024 pay in 2025 property taxes - $236,441.52 Multiple units have extremely low rents, with increased rents, and a management agency, the Cap Rate has a potential of 11.32%. After Repair Value - $3,854,030 Don't miss this chance to invest in Cleveland's exciting future. Contact me today to learn more about this exceptional investment opportunity. Portfolio consists of 14 Single Family homes, 5 Duplexes, 1 Triplex, and 2 Fourplexes. Do not disturb tenants, do not walk properties. Inspections upon accepted offer only! Find the video w/ aerials online, or ask your agent for a link.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.718446
- Latitude
- 41.4567487
