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$229,000
New Listing

5603 Hege Avenue
Cleveland, OH 44105

For Sale|Quadruplex|Active
7
Beds
4
Total Baths
4
Full Baths
2,714
SqFt
$84
/SqFt
1920
Built
County:
Cuyahoga
Call Now: (216) 978-7933
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(216) 978-7933
5603 Hege Avenue5603 Hege Avenue5603 Hege Avenue5603 Hege Avenue
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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.

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Listing Snapshot
Price 
$229,000
Days On Site 
0 Days
Bedrooms 
7
Inside Area (SqFt) 
2,714 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.1519 Acres
Year Built 
1920
MLS Number 
5256163
Status 
Active
Property Tax 
$2,184
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
18 hours agoListing first seen on site
18 hours agoListing updated with changes from the MLS
General Features
Acres 
0.1519
Direction Faces 
South
Disclosures 
Principal Is Real Estate Licensed
Levels 
Two
Parking 
Driveway
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
SqFt Above 
2714
Water Source 
Public
Interior Features
Basement 
FullUnfinished
Heating 
Natural GasHot WaterSteam
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Exterior Features
Construction Details 
Frame
Roof 
AsphaltFiberglass
View 
Neighborhood
Waterview 
Neighborhood
Community Features
School District 
Cleveland Municipal - 1809
Township 
Cleveland
Financing Terms Available 
CashConventionalPrivate Financing Available
Schools
School District
Cleveland Municipal - 1809
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Daniel J Zembiak of Century 21 Homestar



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Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.