3521 W 58th St

Cleveland OH 44102

0.15 ac.

Duplex

Currently for sale - view listing

Overview

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.

Features

4 bedrooms

4 bathrooms

0.15 ac. lot size

Duplex

Property history for 3521 W 58th St

2022

Sold

$185,000

13 Jun 2022 by Mario Russo, of Lokal Real Estate, LLC.

2019

Sold

$75,000

14 Jan 2019

Happy sellers in Cleveland

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