718 E 124th Street
Cleveland, OH 44108

Listed at $320,000

Details

  • MLS# 5179398
  • Multi Unit - Multiple
  • Status Contingent
  • 8 Bedrooms
  • 4 full Bathrooms
  • 0 Square Feet
  • 0.115 acres
  • Built in 1920
  • Cleveland Municipal - 1809 Local Schools
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Description

Solid brick 4-unit investment property with immediate cash flow and value-add potential. Two of the four units are currently rented at $1,020 per month. Each unit is currently on a month-to-month lease - providing in-place income with flexibility to adjust. NEWER MECHANICALS (hot water tank, furnaces, all new PEX plumbing, roof updated in 2025, new electrical boxes) This well maintained building features durable masonry construction, private balconies and strong curb appeal. Spacious layouts and natural light enhance tenant appeal, while the month to month tenancy allows a new owner to implement their investment strategy quickly. Ideal...read more for investors seeking stabilized income with upside, portfolio expansion, or a value-add multifamily opportunity in Cleveland.

Features

  • None
  • Gas
  • 2.0 Stories
  • $4,202 / year Taxes
  • Public
  • Built in 1920
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: Yes
  • Basement: Concrete
  • Cooling: None
  • Days on Site: 68
  • Exterior: Brick
  • Heating: Gas
  • Lot Size: 0.11 Acres
  • Parcel#: 110-05-013
  • Parking: Driveway
  • Roof Type: Asphalt
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $4,202 / year
  • Water: Public
  • Year Built: 1920