40
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$399,500
Est. payment /mo
5,662 Sqft Lot
New
4843 Broadview RD Cleveland, OH 44109
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Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5233207
HOA Y/N No
Year Built 1963
Annual Tax Amount $8,381
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Apartment
Property Description
Exceptional 6-Unit Investment Opportunity in Old Brooklyn! Whether you're looking to expand your portfolio or secure a stable, cash-flowing asset, this fully occupied multifamily property checks all the boxes. Featuring six fully leased units with several long-term tenants, this building offers immediate, reliable income from day one while providing substantial upside for the next owner.
Current rents range from $650 to $825 per month, presenting an excellent opportunity to increase revenue over time. Several units have already been updated with durable luxury vinyl plank flooring, while others require only minor cosmetic improvements to maximize rental potential. As units naturally turn over, investors can modernize interiors and capture stronger market rents, creating significant value with relatively modest capital improvements.
Located in the heart of Old Brooklyn—one of Cleveland's most established and consistently desirable rental markets—this property benefits from strong tenant demand, convenient access to Downtown Cleveland, major highways, Metroparks, shopping, and dining. Whether you're seeking dependable cash flow today or long-term appreciation through strategic rent growth, this property offers the ideal combination of stability and value-add potential.
Don't miss the opportunity to acquire a well-maintained, income-producing asset with immediate returns and room to grow.
Current rents range from $650 to $825 per month, presenting an excellent opportunity to increase revenue over time. Several units have already been updated with durable luxury vinyl plank flooring, while others require only minor cosmetic improvements to maximize rental potential. As units naturally turn over, investors can modernize interiors and capture stronger market rents, creating significant value with relatively modest capital improvements.
Located in the heart of Old Brooklyn—one of Cleveland's most established and consistently desirable rental markets—this property benefits from strong tenant demand, convenient access to Downtown Cleveland, major highways, Metroparks, shopping, and dining. Whether you're seeking dependable cash flow today or long-term appreciation through strategic rent growth, this property offers the ideal combination of stability and value-add potential.
Don't miss the opportunity to acquire a well-maintained, income-producing asset with immediate returns and room to grow.
Location
State OH
County Cuyahoga
Interior
Heating Hot Water, Radiator(s), Steam
Cooling Ceiling Fan(s), Window Unit(s)
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Schools
School District East Cleveland Csd - 1812
Others
Tax ID 010-07-014
Special Listing Condition Standard
Listed by Meredith D Hardington • Howard Hanna • meredithhardington@howardhanna.com, 216-618-2040
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