Prime Investment Opportunity: Fully Occupied Four-Plex Near Cleveland Clinic & University Hospital Attention investors! Don’t miss out on this exceptional investment property located in one of Cleveland’s most desirable rental markets. This fully occupied four-plex is situated in the heart of a high-demand area, just minutes away from two of the city’s largest economic drivers: Cleveland Clinic and University Hospitals. With a strong, consistent rental history and a prime location, this property is a rare find in a neighborhood where vacancies are virtually nonexistent. Location, Location, Location Nestled between major healthcare institutions, universities, and a bustling urban core, this property guarantees tenant demand year-round. Whether it’s professionals working at the Cleveland Clinic, medical students, or university staff, the proximity to top-tier facilities ensures a steady stream of qualified tenants. You’re also near downtown Cleveland, offering easy access to cultural attractions, entertainment, fine dining, and shopping. Public transportation is readily available, with nearby bus routes and rapid transit stations connecting tenants to the greater Cleveland area. For those commuting by car, major freeways like I-90, I-71, and I-77 are only minutes away, making it convenient to get anywhere in the city and beyond. Why This Four-Plex? • Fully occupied units with strong cash flow and low turnover. • The property is in a highly desirable area known for steady rental income. • Located near two of the nation’s top medical centers, ensuring long-term demand. • Invest with confidence in a property that is already delivering a healthy return and has room for future rent growth, given the premium location.
Property Details
Property Features
Property Information:
Year Built: 1900
Stories: 2
Listing Office:
Office Name: EXP Realty, LLC.
Office Phone: (216) 333-2245
Listing Agent: Gisel Palacios
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 8
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 4 spaces
Attached Garage: No
Parking: Detached, Garage
Lot Features
Lot Information:
Lot Size: 0.11 Acres
Utilities
Utilities Information:
Heating: Hot Water, Steam
Cooling: None
Other
Directions Information:
Directions: From I-90 East or West: 1. Take Exit 169 for E 55th St. 2. Merge onto E 55th St heading south. 3. Continue on E 55th St for about 1.5 miles. 4. Turn right onto Superior Ave. 5. Continue for about 0.7 miles, then turn left onto E 79th St. 6. Drive for 0.5 miles and turn right onto Linwood Ave. 7. The destination, 7917 Linwood Ave, will be on your left.
Price Information
Listing Price Info
Price Summary:
List Price: $220,000
Tax Information:
Annual Amount: $1,860
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Cleveland, OH.
This property is $55.7K more than the Median Sold Price in Cleveland, OH.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: NOWDD
MLS Number: #5075734
Listing Office:
Office Name: EXP Realty, LLC.
Office Phone: (216) 333-2245
Listing Agent: Gisel Palacios
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 12:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$1,860
$17,890
2019
$1,750
$17,890
2018
$1,707
$17,890
2017
$658
$6,480
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Stepstone Academy
3328 Carnegie Ave
Distance between this listing and this school1.82 miles
Public Charter Grades KG-4
6
/10
Roxboro Elementary School
2405 Roxboro Rd
Distance between this listing and this school2.60 miles
Public District Grades KG-5
3
/10
Mayfair Elementary School
13916 Mayfair Ave
Distance between this listing and this school2.89 miles
Public District Grades 3-5
Nearby Schools
3
/10
Wade Park School
7600 Wade Park Ave
Distance between this listing and this school0.24 miles
Public District Grades PK-8
3
/10
Mary B. Martin School
8200 Brookline Ave
Distance between this listing and this school0.31 miles
Public District Grades PK-8
4
/10
Daniel E. Morgan Elementary School
8912 Morris Ct
Distance between this listing and this school0.53 miles
Public District Grades PK-8
Nearby Schools
6
/10
Cleveland School for Architecture and Design
2075 Stokes Blvd
Distance between this listing and this school1.30 miles
Public District Grades 9-12
8
/10
Cleveland Early College High School
2075 Stokes Blvd
Distance between this listing and this school1.30 miles
Public District Grades 9-12
7
/10
Cleveland School of Science and Medicine
2075 Stokes Blvd
Distance between this listing and this school1.30 miles
The neighbors living near this home have an average income of $24,815. Most Cleveland, OH residents have annual incomes less than $35k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
This home is located at 7917 Linwood Ave in Cleveland, OH and zip code 44103 in the Hough neighborhood. This home, which was built in 1900, sits on a 0.11 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 06, 2024 and is currently priced at $220,000.
Over 275 listings were sold over their listed price in October 2024 in Cleveland, OH. In the same period over 333 listings were sold below the listed price and 110 listings were sold for the listed price. The number of homes for sale in Cleveland, OH increased by 4.7% between September 2024 and October 2024. While the average time on the market in October 2024 was 36 days, the median list price was $164,291.
From Rocket Homes Real Estate and based on county public records data.