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3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo
3224 W 32nd Street, Cleveland, OH 44109 Photo

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3224 W 32nd Street Cleveland, OH 44109
$150,000
Active / MLS# 5191124 / Multi Unit - Multiple / Cleveland
5 Beds
2 Baths
1700 SqFt

Rare opportunity to acquire a 10-unit multifamily portfolio consisting of five duplexes located within minutes of each other across Cleveland's westside rental corridors including Clark-Fulton, Stockyards, and West Boulevard. This portfolio offers investors the chance to acquire scale and execute a clear value-add stabilization strategy. The properties are currently in transition with 4 occupied units and 6 units vacant or in turnover, creating an opportunity for experienced investors to renovate, lease-up, and increase rents across the portfolio. The unit mix consists of 2- and 3-bedroom units, with market rents in the surrounding areas supporting approximately $1,000$1,200 per unit once renovated and stabilized. Estimated renovation scope across the portfolio is approximately $120,000, including one heavier project requiring mechanical replacement and exterior improvements, along with several lighter unit turns. Once stabilized, the portfolio has the potential to generate $120K+ in annual gross rental income, with projected portfolio value approaching $950K$1M. The property will be sold as the a portfolio during the initial marketing period. Ideal opportunity for experienced investors or operators seeking a westside Cleveland value-add multifamily project. Detailed rent projections and property information available upon request. See MLS 5191112 & 5191117 & 5191122 & 5191124 & 5191126. Tenant occupied units will only be shown once an offer has been accepted. EMAIL for any additional questions. $695,000 for the entire portfolio. NO SELLER FINANCING.

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Estimated Payment

$ 514.17 per month $333.33 Principal & Interest $137.08 Property Tax $43.75 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Garage: 2
Heating: Forced Air
Lot Size: 0.16 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $1,645 / year
Year Built: 1880

Feature Descriptions

Days on Site: 22
Exterior: Aluminum Siding
Parcel#: 007-31-098
Parking: Drive Through
Sewer: Public Sewer
Water: Public

Schools

School District: Cleveland Municipal - 1809

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Listed By / Shown By

Listed By

Agency Name: Keller Williams Living
Agency Contact: michael@themagnogroup.com, 216-236-8849

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