Property Description
RARE GEM SECTION 8 Fourplex Investment Opportunity! 5,675$ gross rent per month!!!
Welcome to 7507 Lawnview Ave, a one-of-a-kind side-by-side fourplex featuring four spacious 3-bedroom townhome units! Each unit offers a full upstairs, a private basement, and both front & back entrances, giving tenants the feel of true single-family living. units have been thoughtfully renovated with modern LVP flooring, granite countertops, and major mechanical updates including multiple newer furnaces. This property is truly a cash cow for investors?whether you're local or out-of-state.
Cash-Flow Machine
Currently rented to reliable Section 8 tenants, the property generates a gross monthly income of $5,675:
? 7507 $1,400
? 7509 $1,385
? 7511 $1,250
? 7513 $1,640
That's $68,100 annually with tenants covering all utilities except water & sewer?keeping owner expenses low and profit margins high.
Highlights:
? Four side-by-side 3-bedroom townhome units
? Private basements & dual entrances for every unit
? Renovated interiors with LVP & granite finishes
? Multiple newer furnaces & key upgrades completed
? Fully rented, strong Section 8 tenancy
? Tenants pay gas & electric
Property is lead safe certified with the city!
Offered at just $499,900, this rare Cleveland fourplex is a true cash cow that won't last long. Opportunities like this don't come around often?schedule your showing today before it's gone!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Days on Market: 114
Heating: Forced Air, Gas
Lot Size: 0.22 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $5,373 / year
Year Built: 1910
Feature Descriptions
Exterior: Brick
Parcel#: 106-11-063
Parking: On Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
7507 Lawnview Avenue | MLS# 5155900
This multi-family property located at 7507 Lawnview Avenue, Cleveland, OH 44103 is currently listed for sale with an asking price of $444,900. Lawnview Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.kaszycarealestate.com today.