1612 Cleveland Avenue NW

Extremely high cash-flow multifamily investment opportunity! Seller previously netting over $1,000/month after ALL operating expenses and debt service. See Seller's full historical financials and tenant leases in the supplements. Seller is strategically consolidating their portfolio, selling smaller residential assets to pursue larger commercial acquisitions. Property will be delivered turnkey vacant at closing, allowing buyers to establish their own market rents, select tenants, and maximize income potential. Well-maintained and extensively improved property with significant capital expenditures already completed! Current ownership has invested substantially in major mechanical, structural, and interior improvements, providing peace of mind and minimizing immediate maintenance concerns. Recent Capital Improvements & Highlights: -Basement Waterproofing: Extensive waterproofing improvements and installation of a sump pump. -Electrical Upgrades: Updated electrical weatherhead and associated connections. -Interior Renovations: Upgraded flooring and modern cosmetic finishes throughout the units. -Mechanical Systems: Newer furnaces and water heaters, including a water heater replacement in 2025. -Separate Utilities: Individually metered gas and electric for improved expense management. -Vinyl Windows: Vinyl windows throughout the property. I deal for Local & Out-of-State Investors! Existing property management resources are available to assist with tenant placement, leasing, and ongoing management, offering a hands-off investment opportunity. With exceptional historical cash flow, major capital improvements already completed, separately metered utilities, and the flexibility to establish new rents, this property offers outstanding income potential. Schedule your showing today and capitalize on this turnkey, high-cash-flow investment opportunity!