Phillip Mastroianni
REALTOR®
BEDS8
BATHS4 full
MLS#5239657
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONRhodes Gartnell & Barbers All
SCHOOLCleveland Municipal - 1809
Property Description
Investors, this one is priced to sell and ready to produce income from day one. This turnkey quadplex sits in the heart of Clark Fulton, one of Cleveland's most active investment corridors, and offers a rare mix of immediate cash flow and upside. One unit is currently occupied by a long term tenant on a lifelong housing voucher, generating a reliable $1,120 per month at 100% voucher coverage, meaning guaranteed rent with no vacancy risk on that unit. The remaining three units, a spacious 3 bedroom, a 1 bedroom, and a 2 bedroom, are all vacant and rent ready, giving a new owner the flexibility to place tenants immediately at full market rent or explore other rental strategies. With one unit already cash flowing and three more ready to lease right away, this property offers a fast path to a fully stabilized income stream. Whether you are an experienced investor looking to add a proven performer to your portfolio or just getting started in multifamily, 4019 Newark delivers the kind of numbers that are hard to find in today's market. Priced to sell and ready to move quickly, this is a cash flow opportunity you do not want to miss.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Wall/Window Unit(s)
Heating: Forced Air
Lot Size: 0.10 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $8,823 / year
Year Built: 1900
Feature Descriptions
Exterior: Vinyl Siding
Parcel#: 007-29-112
Parking: Off Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: RE/MAX Infinity
Agency Contact: sellwithaiden@gmail.com, 330-415-7054
Shown By
Agent Name: Phillip Mastroianni
Agent Phone: (330) 499-8153
Agency Title: DeHOFF REALTORS
Estimate Your Payment
Estimated Payment
$ 2,147.57 per month $1,324.85 Principal & Interest $735.25 Property Tax $87.47 Homeowner's InsuranceChange Payment Information
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4019 Newark Avenue | MLS# 5239657
This multi-family property located at 4019 Newark Avenue, Cleveland, OH 44109 is currently listed for sale with an asking price of $299,900. Newark Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on phillipm.dehoff.com today.