Listed By
Agency Name: Key Realty
Agency Contact: mjorlando1994@gmail.com, 216-956-1884
Shown By
Agent Name: Deb Saczawa
Agent Phone: (614) 296-5970
Agency Title: Cutler Real Estate
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Property Description
Fully occupied, cash-flowing four-unit on Cleveland's west side ? a rare combination of stable day-one income and real, near-term upside! All four units are one bedroom, one bathroom and are currently leased, generating $3,010/month ($36,120/year) in gross rent. Market rents in the area support $3,400+/month ($40,800/year), giving a value-add investor a clear path to roughly 13% top-line growth simply by turning and re-leasing units as they come available. Whether you're a first-time multifamily buyer looking for a straightforward entry point with income from day one, or a seasoned operator hunting for a value-add play that pays you while you execute, 3521/3523 W 58th delivers on both fronts. Tenants are responsible for gas and electric; landlord pays water and sewer, keeping the operating expense load predictable and simple to underwrite. Rent roll and utility expenses available upon request. Please do not disturb tenants ? showings by appointment with accepted offer contingent on inspection.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Gas
Heating: Forced Air
Lot Size: 0.15 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $6,028 / year
Year Built: 1910
Feature Descriptions
Exterior: Wood Siding
Parcel#: 016-17-091
Parking: Asphalt
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 1,853.16 per month $1,278.06 Principal & Interest $502.33 Property Tax $72.77 Homeowner's InsuranceChange Payment Information
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3521 W 58th Street | MLS# 5234490
This multi-family property located at 3521 W 58th Street, Cleveland, OH 44102 is currently listed for sale with an asking price of $249,500. W 58th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.debsaczawa.com today.