7609 Superior AvenueCleveland, OH 44103

Property Description

Turnkey and income-ready, this fully renovated brick four-unit offers a rare opportunity to step directly into a stabilized, low-maintenance asset. All major capital improvements have been completed, eliminating the need for additional renovation and allowing for immediate tenant placement and cash flow. Each unit features bright, modern interiors with updated kitchens and bathrooms, new flooring and carpet, fresh paint, and clean finishes throughout, including new doors and baseboards. Functional layouts provide comfortable living with ample closet space in every bedroom, along with private in-unit laundry hookups for added tenant convenience. Beyond the interior updates, the property has undergone extensive mechanical improvements, including new windows, roof, HVAC systems, plumbing, and electrical. Each unit is separately equipped with its own furnace, water tank, gas meter, and electric panel, reducing owner expenses and simplifying management. Safety upgrades include a newly installed fire escape and hardwired fire alarm systems. The exterior has also been refreshed, enhancing curb appeal and overall presentation. The property also features an oversized basement with designated storage areas for each unit, offering additional tenant value and potential for supplemental income. With projected annual income of approximately $66,000+, the property presents strong cash flow potential with minimal ongoing capital expenditure. Projected rents are aligned with local housing authority (CMHA/Section 8) payment standards, offering the potential for consistent, program-backed income. The flexible layout also supports a variety of rental strategies, including traditional leasing, shared housing, or other alternative residential income models. This is a fully optimized, turnkey investment opportunity where the heavy lifting has already been completed.

Property Features

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