19708 Kewanee Avenue Cleveland, OH $ 437,000
19708 Kewanee Avenue
$ 437,000
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19708 Kewanee Avenue

Cleveland, OH, 44119
$ 437,000
Baths0.0

Monthly Estimate*

$ 2,617

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Studio

Pending for sale in Cleveland, OH

for $437,000. This home was built in 1920 on a lot size of 0.436.

Incredible Opportunity in Cleveland! Acquire four cash-flowing duplexes as an 8-unit portfolio in a rapidly growing market. Currently 100% occupied with market-rate tenants, these properties bring in strong rents with potential for significant increases upon lease renewals. Recent updates include replaced mechanicals and various cosmetic enhancements, ensuring a well-maintained investment. All up/down style duplexes are situated in close proximity, making management straightforward. With an initial 9% cap rate and 13% cash-on-cash return, and the potential to achieve a 13% cap rate and 30%+ cash-on-cash returns, this portfolio offers exceptional growth and income potential. Don't miss out on this high-yield investment opportunity!

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Pending Pending

Price

$ 437,000

Bedrooms

Studio

Property Type

Pending

Taxes

$ 6,534

Style

Lot Size

0.436

Year Built

1920

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5065546

Features
General
Sewer PublicSewer
Heating ForcedAir
Possession DeliveryOfDeed
Year Built 1920
Township Cleveland
Property SubType Other
Tax Year 2023
Current Use Residential
Additional Parcels Description 114-17-090 114-16-153 113-20-005
County Cuyahoga
New Construction N
Property Type CommercialSale
Home Owner Assoc N
Attached Garage N
Subdivision Name Berwick
Garage Y/N N
Status Pending
Directions 4 Duplexes in Various Locations
City Cleveland
View Y/N N
Senior Community Y/N N
High School District Cleveland Municipal - 1809
NumberOfUnitsTotal 8
Lot Size Units Acres
Waterfront Y/N N
Carport Y/N N
Electric On Property Y/N N
Land Lease Y/N N
Tax Annual Amount 6534.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 4
Building Area Units SquareFeet
Living Area Units SquareFeet
Standard Status Pending
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source PublicRecords
Property Sub Type Additional Other
Legal Description 9 BERWICK S/L 394ALL 0393 WP
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Exterior
Water Source Public
Lot Size Area 0.436
Spa N
Building Area Total 6623.0
Lot Size Acres 0.436
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Main Level Bathrooms 0
Total Baths 0
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Internal Only
Street Number 1 19708
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* Excluded Features
List By
Tal Tamir

Listing Agent

Russell Real Estate Services

Broker

tal@premierclevelandinvesting.com

Email

Affordability Calculator

$3,162
Per Month
83%
17%
0%
Monthly Principal & Interest
$2,617
Monthly Property Taxes
$545
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457612 Elementary School
4457721 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/9/2024$437,000 Listed Price

Map


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19708 Kewanee Avenue, Cleveland, OH, 44119 is a Pending for sale at $437,000 with a lot size of 0.436. 19708 Kewanee Avenue is a studio with 0.0 baths and was built in 1920. The property's zip code is 44119 which is in Cleveland, OH