5917 Storer Avenue, Cleveland, OH 44102

Discover this 7-unit brick building located on the desirable westside of Cleveland. The property boasts a mix of updated units featuring modern vinyl flooring, fresh paint, and various cosmetic enhancements. This building includes five spacious 2-bedroom units, one cozy 1-bedroom unit, and one studio apartment. Each unit is equipped with separate furnaces and hot water tanks, ensuring tenants are responsible for their own electric and gas, reducing your overhead costs. With six out of seven units currently rented, the building is already generating income. The vacant unit is actively being marketed internally to EDEN voucher holders. This property offers great current earnings with an impressive proforma. By implementing minor rent increases, you can easily elevate the property to achieve a 10% cap rate. As it stands, once the vacant unit is occupied, the building will operate at nearly a 9% cap rate, presenting an attractive return on investment. Seize the opportunity to invest in a property that not only provides immediate income but also holds significant potential for future value enhancement.