3334 W 82nd Street, Cleveland, OH 44102

• 7 beds |
• 4 baths |
• 1,950 sqft

Property Description

Incredible opportunity to purchase a four-unit property on the highly sought-after west side of Cleveland! This value-add investment features two two-bedroom, one-bath units (both currently occupied at $550 and $650/month on month-to-month leases), a one-bedroom, one-bath attic unit, and a two-bedroom, one-bath basement unit with a full kitchen and bathroom. Projected market rents are $1,000/month for the two-bedroom units, $800/month for the one-bedroom attic and $850 per month for the basement, bringing the total projected gross annual income to $43,800. Cleveland’s rental market remains strong, driven by steady demand, affordable pricing, and reliable cash flow—making this an excellent market for investors. The property has three gas meters and three electric meters; the owner currently pays utilities for the basement unit. The City of Cleveland Lead Inspection is in process for renewal, with no anticipated issues, giving new ownership a clear path to lead-free certification at closing. A rare chance to secure an easy-to-manage multifamily asset with strong upside in a growing market! *Note: Owner states that there are 4 units with 7 bedrooms and 4 bathrooms but the county auditor's website states that there are 2 units with 5 bedrooms and 3 bathrooms.

Listing Status:

Active

Listing Office:

Russell Real Estate Services : 440-201-9850

Listing Agent:

Tal Tamir : 216-870-8687

MLS ID:

5130342

Interior

• Basement: Finished
• A/C: None
• Heating: Forced Air

Exterior

• Parking: On SiteOff StreetPaved

Construction

• Roofing: AsphaltShingle
• General: Shingle SidingThree Or More

Location

• Originating MLS: NOWDD_NORM
• School District: Cleveland Municipal - 1809
• County: Cuyahoga

Lot

• Zoning: 27 SEIDMAN 0268 ALL017-33-011

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM

This listing courtesy of Tal Tamir, Russell Real Estate Services