$109,900
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.Professional property management resources are available for out of state investors, including leasing coordination, marketing support, tenant communication, maintenance, and repair resources. For buyers looking to grow their Cleveland rental portfolio or acquire an income-producing asset with cash flow already in place, this property is positioned to offer a more streamlined ownership experience for out-of-state investors. Full financial analysis upon request. Schedule your showing today.
6
Beds
⋅
4
Baths
⋅
5200687
MLS
5806 Fleet Avenue, Cleveland
Listing Courtesy of: Kim Lewis, kim.lewis@heqrealty.com With Home Equity Realty Group
