Introducing a promising investment opportunity in the up-and-coming "West 80’s" neighborhood, adjacent to Edgewater in Detroit Shoreway on Cleveland's west side! This all-brick 6-unit property offers individual furnaces and hot water tanks, along with updated electrical panels for added convenience and efficiency. Currently, two units await light turns to make them rent-ready, mainly requiring flooring and minor touch-ups. With four units already occupied, the property collects a total gross monthly rent of $3,190. However, upon full occupancy at market rents, the potential monthly income could soar to $6,000. Each unit features a comfortable 2-bed/1-bath layout, ensuring broad appeal to prospective tenants. Notable updates include the replacement of all six water tanks within the last five years and the recent replacement of two furnaces, with the remaining four furnaces in satisfactory working condition. Don't miss the chance to capitalize on this opportunity in a neighborhood on the rise, offering both immediate returns and long-term potential for growth!

Based on information submitted to MLS Now as of September 15, 2024 3:27 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 8201 Madison Avenue

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Don Petrasek

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Property Details of 8201 Madison Avenue

Exterior Features

Exterior Features

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Utilities and Appliances

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Schools

Other Details

Water

Map Location

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