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7507 Lawnview Avenue, Cleveland, OH 44103

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For Sale

$499,900

12 beds • 4 baths • 2 half baths • 6,424 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $77.82
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

RARE GEM - SECTION 8 Fourplex Investment Opportunity! 5,675$ gross rent per month!!! Welcome to 7507 Lawnview Ave, a one-of-a-kind side-by-side fourplex featuring four spacious 3-bedroom townhome units! Each unit offers a full upstairs, a private basement, and both front & back entrances, giving tenants the feel of true single-family living. units have been thoughtfully renovated with modern LVP flooring, granite countertops, and major mechanical updates including multiple newer furnaces. This property is truly a cash cow for investors-whether you're local or out-of-state. Cash-Flow Machine Currently rented to reliable Section 8 tenants, the property generates a gross monthly income of $5,675: 7507 - $1,400 7509 - $1,385 7511 - $1,250 7513 - $1,640 That's $68,100 annually with tenants covering all utilities except water & sewer-keeping owner expenses low and profit margins high. Highlights: Four side-by-side 3-bedroom townhome units Private basements & dual entrances for every unit Renovated interiors with LVP & granite finishes Multiple newer furnaces & key upgrades completed Fully rented, strong Section 8 tenancy Tenants pay gas & electric Property is lead safe certified with the city! Offered at just $499,900, this rare Cleveland fourplex is a true cash cow that won't last long. Opportunities like this don't come around often-schedule your showing today before it's gone!
MLS# 5155900

Courtesy Of Keller Williams Citywide

(440) 892-2211

Property Features

  • Age
    Over 50 Years Old
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    0.22 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 7507 Lawnview Avenue, Cleveland, OH 44103

Home seller CENTURY 21 HomeStar

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CENTURY 21 HomeStar

(440) 449-9100
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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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