3233 W 56th Street

Calling all investors and flippers! This four-unit property on Cleveland's coveted West Side presents an extremely rare value-add opportunity with a projected gross annual rent of over $42,000 per year! The building is completely vacant due to a recent fire affecting primarily the upstairs unit, while the other three units sustained minimal damage. The fire-damaged unit will need a full renovation, but the other three units require only minor updates to become rent-ready for strong tenants. The property has two 2-bedroom 1-bath units, one 1-bedroom 1-bath unit, and one studio apartment. The property has updated electrical, good furnaces and newer and separate water heaters! Don't miss this chance to capitalize on a true value-add investment in a prime Cleveland location! Professional Management currently in place & is available moving forward with multiple pricing packages (inquire for more info) They have managed it since 2018.