12014 Iowa AvenueCleveland, OH 44108

12014 Iowa AvenueCleveland, OH 44108

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$235,000 Active
Multi Unit - Multiple MLS 5193530 New to the Market
4 beds 4 full baths 4,911 sqft
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Listed By

Agency Name: EXP Realty, LLC.
Agency Contact: vanessa@clehomepros.com, 216-770-3442

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Fully occupied, cash-flowing 4-unit investment opportunity generating income from day one. This solid brick quadruplex features four 1-bedroom, 1-bath units, all currently tenant occupied with rents ranging from $650$860 per month. The property offers approximately 4,900 square feet of living space across two levels and presents a great opportunity for investors seeking stable rental income with long-term hold potential. Conveniently located in Cleveland's Eddy Road neighborhood just south of I-90, offering quick highway access and proximity to local amenities. There is also a value-add opportunity, as the property is pending city approval to convert the existing 1 bed / 1 bath units into 2 bed / 1 bath units, which may increase rental demand and future rent potential. This provides investors with the ability to enhance unit layouts and maximize income potential over time.

12014 Iowa Avenue | MLS# 5193530

This multi-family property located at 12014 Iowa Avenue, Cleveland, OH 44108 is currently listed for sale with an asking price of $235,000. Iowa Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 486royeravenuenw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: Ceiling Fan(s)
Days on Market: 1
Heating: Forced Air
Lot Size: 0.07 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $2,876 / year
Year Built: 1924

Feature Descriptions

Appliances: Range, Refrigerator
Exterior: Brick
Parcel#: 111-06-037
Parking: Outside, On Street
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 12014 Iowa Avenue, Cleveland, OH 44108
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,454.77 per month $1,146.57 Principal & Interest $239.67 Property Tax $68.54 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage
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