5603 Hege AVE, Cleveland, OH 44105
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5603 Hege AVE, Cleveland, OH 44105
5603 Hege AVE, Cleveland, OH 44105
5603 Hege AVE, Cleveland, OH 44105
5603 Hege AVE, Cleveland, OH 44105
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Joseph Luckino

Joseph Luckino

+1(740) 632-9111
$ 229,000
Est. payment /mo
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5603 Hege AVE Cleveland, OH 44105

7 Beds

4 Baths

2,714 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,714 sqft

Price per Sqft $84

MLS Listing ID 5256163

Bedrooms 7

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,714

Year Built 1920

Annual Tax Amount $2,184

Tax Year 2025

Lot Size 6,616 Sqft

Acres 0.1519

Property Sub-Type Quadruplex

Property Description

Unbelievable investment opportunity! Turn-key, cash-flowing 4-plex featuring two separate duplexes situated on one single parcel. Generating $3,085 per month in gross rent, this property boasts a rare 10% Cap Rate. The heavy lifting has already been done with massive capital improvements completed within the past 6 years: complete electrical upgrade (fully rewired with new panels), all-new plumbing, new furnaces, new hot water tanks, a new roof on the front house, newer siding, and windows. Property is also LEAD CERTIFIED. Fully occupied by long-term, stable tenants on month-to-month leases, offering immediate steady cash flow from day one. Don't miss this insulated, low-maintenance portfolio builder.

Location

State OH

County Cuyahoga

Direction South

Rooms

Basement Full, Unfinished

Interior

Heating Gas, Hot Water, Steam

Cooling None

Fireplace No

Exterior

Parking Features Driveway

Water Access Desc Public

View Neighborhood

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Faces South

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 132-17-032

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Daniel J Zembiak • Century 21 Homestar • dan@realclevelandhomes.com, 216-533-3072

NEARBY SCHOOL & BUSINESS

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Joseph Luckino

Joseph Luckino

Broker License ID: C2015005262

+1(740) 632-9111

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5603 Hege AVE