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About This Home
This 8-bedroom, 4-bathroom residential multi family at 10413 Yale Avenue in Cleveland, OH is listed for $185,000. Built in 1918, on a 0.14 acres lot.
Investor opportunity! This fully occupied four-unit property offers immediate cash flow with below-market rents totaling $2305, creating a compelling value-add opportunity for investors seeking both current income and future growth. With current operations generating an approximate 11.5% cap rate based on existing rents and known expenses, this property provides strong in-place returns from day one.
As units turn over, investors have the opportunity to renovate and bring rents closer to market levels, potentially increasing cash flow and overall property value. Whether you're looking to expand an existing portfolio or acquire a multifamily asset with upside potential, this property checks the boxes: stable occupancy, strong current income, below-market rents, and room to increase returns over time.
Offered at an attractive price point, this is an excellent opportunity to acquire a cash-flowing asset with built-in value-add potential.
Key Features
- Built in 1918
- 0.14 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$989/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
10413 Yale Avenue
Cleveland, OH 44108
Low & Edwards
Property Details
Construction
Heating
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 10413 Yale Avenue is listed at $185,000. The estimated monthly payment is $802 based on 20% down at 6.5% interest.
Key features include: Built in 1918, 0.14 acre lot, 2 stories.
This property is listed by Jermaine R Burge and can be reached at 2162155727 or jburge@kw.com.
