3030 S Moreland Boulevard, Cleveland OH 44120

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$660,000

3030 S Moreland Boulevard, Cleveland, OH 44120

bedrooms

bathrooms

square feet

Acreage

0.214

Open Houses

year built

1952

Full Baths

Half Baths

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Introducing an incredible investment opportunity—12 units spread across two adjacent 6-unit properties just south of Shaker Square offered at an attractive $55,000 per unit! These properties offer individual furnaces and hot water tanks for each unit, allowing tenants to cover their own electric and gas, while the owner only covers water and sewer. With some mechanical replacements and minor cosmetic updates already completed, a new owner can step in and take advantage of further cosmetic upgrades to boost rents significantly. With the option to transition to Section 8 housing, even higher returns can be achieved. With a proforma cap rate of 12.14%, this opportunity comes with upside potential, making it a fantastic addition to any real estate portfolio. Plus, in-suite laundry adds convenience for tenants, making these units even more desirable!

Location
Subdivision	-
County	Cuyahoga
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 5072778

Listing agent: Tal Tamir #2018001908

Listing broker: Russell Real Estate Services (440) 268-9491

Last update: Wednesday, January 15 2025 at 12:46 a.m. EST

Kotohomes National