$109,900
Est. payment /mo
6 Beds
4 Baths
5,850 Sqft Lot
New
5806 Fleet AVE Cleveland, OH 44105
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision C G Barkwill Trustees Sub
MLS Listing ID 5200687
Bedrooms 6
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 1905
Annual Tax Amount $3,002
Tax Year 2025
Lot Size 5,850 Sqft
Acres 0.1343
Property Sub-Type Quadruplex
Stories Two
Story Two
Property Description
Strong investment opportunity with BRRRR potential and high value-add. This mixed-use asset in the heart of the Fleet Avenue corridor features (4) total units, including a 3-bedroom, 2-bedroom, 1-bedroom, and an office/commercial space, providing diverse income streams and broad tenant appeal. With strong visibility along a well-traveled retail strip and consistent rental demand in the area, the property is well-positioned for long-term performance. Tenants benefit from convenient access to public transit, nearby employers, and local amenities, supporting stable occupancy. The property presents clear upside through renovation and rent optimization, allowing investors to increase both rental income and overall asset value. With both residential and commercial demand remaining strong, this asset offers an attractive opportunity to execute a value-add strategy. Additional highlights include completed inspections across the portfolio and projected returns in the 8–12% range based on 75–90% of HUD Fair Market Rents. Note: property had a frozen pipe in that caused water damage in one of the units and will require repair. This property is part of a larger multi-property Cleveland portfolio, offering investors the opportunity to scale with a diversified, income-generating package. Ideal for investors seeking a value-add asset with strong upside in a high-demand location. Buyer to verify all information.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features Direct Access
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Flat
Private Pool No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 132-12-008
Special Listing Condition Standard
Listed by Kim Lewis • Home Equity Realty Group • Garrett Rowan; 803-992-1429; Garrett.Rowan@HEQRealty.com
NEARBY SCHOOL & BUSINESS
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