Property Description

Excellent investment opportunity with strong cash flow and ROI potential. This single-family home is configured as a four-unit property, offering immediate income with upside. Well maintained with numerous updates, including a newer roof, vinyl siding, vinyl windows, updated kitchens with granite countertops, ceramic tile finishes, and newer furnaces, hot water heaters, and electrical panels. Current rents include two units at $750/month, one at $700/month, and one vacant unit with a projected rent of $650/month. At full occupancy, gross monthly income is approximately $2,850. Low annual taxes to help maximize returns. Three units are currently occupied, providing immediate cash flow. Perfect for investors or owner-occupants?live in one unit and rent the other three to offset your mortgage and build equity.

3706 E 57th Street | MLS# 5195039

This multi-family property located at 3706 E 57th Street, Cleveland, OH 44105 is currently listed for sale with an asking price of $135,000. E 57th Street 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: Yes

Basement: Exterior Entry

Cooling: None

Days on Market: 1

Heating: Forced Air, Gas

Lot Size: 0.13 Acres

Roof Type: Asphalt, Fiberglass

Stories: 2.0

Taxes: $2,161 / year

Year Built: 1910

Feature Descriptions

Exterior: Wood Siding

Parcel#: 131-37-104

Parking: No Garage, Unpaved

Sewer: Public Sewer

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3706 E 57th Street, Cleveland, OH 44105

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

$ 878.12 per month $658.67 Principal & Interest $180.08 Property Tax $39.38 Homeowner's Insurance

Change Payment Information

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3706 E 57th StreetCleveland, OH 44105