14
See all 14 photos
$295,000
Est. payment /mo
11 Beds
5 Baths
2,552 SqFt
New
7301 Harvard AVE Cleveland, OH 44105
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,552 sqft
Price per Sqft $115
Subdivision Burke Worley & Webster
MLS Listing ID 5117330
Bedrooms 11
Full Baths 5
HOA Y/N No
Abv Grd Liv Area 2,552
Year Built 1900
Annual Tax Amount $3,978
Tax Year 2024
Lot Size 5,549 Sqft
Acres 0.1274
Property Sub-Type Quadruplex
Property Description
Discover an exceptional investment at 7301 Harvard Ave, Cleveland, OH 44105, featuring a quadplex plus single-family home perfect for both seasoned investors seeking to bolster their portfolio with a high cash-flowing property and new investors looking to break into the market with a turnkey asset. Boasting 5, fully occupied income-producing units, this property generates $4,000 in gross monthly income ($48,000 annually), delivering robust cash flow and outstanding returns. With average monthly expenses of $1,400 (excluding mortgage), it yields a Net Operating Income of $31,200, equating to an impressive 10.5% cap rate and nearly a 20% cash-on-cash return. Located in a revitalizing Cleveland neighborhood with strong rental demand, this property benefits from proximity to public transit, amenities, and a healthcare-driven economy. Nearly all units have been updated within the last three years, featuring a solid brick structure and aluminum siding for easy maintenance and minimal compliance costs. The 5-unit configuration diversifies income, reduces vacancy risk. This low-maintenance, high-performing property promises immediate cash flow, long-term appreciation, and value-add potential through rent optimization or minor upgrades. Don't miss this opportunity to own a turnkey gem in one of Ohio's top real estate markets. Contact us today because this one won't stick around long.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Common, Driveway
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Flat
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 133-18-063
Special Listing Condition Standard
Listed by John Currid • VSD Realty, LLC. • 216-406-1772 victor@vsdrealty.com
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