12601 Signet AVE new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44120
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Woodhill Park Sands Allotment
MLS Listing ID 5167213
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1930
Annual Tax Amount $2,864
Tax Year 2024
Lot Size 7,139 Sqft
Acres 0.1639
Property Sub-Type Quadruplex
Stories Two
Story Two
Property Description
12601 Signet Ave is a well-located 4-unit multifamily property in Cleveland's Mount Pleasant neighborhood. Each unit features 2 bedrooms and 1 bathroom. One unit is currently occupied at $750 per month, while three units are vacant and only require minor renovations to be rent ready. The proforma gross income for the entire building is $3,250 per month or $39,000 per year, based on $850 per month per unit. The property includes off-street parking and a shared basement for storage or laundry. Its convenient location near major highways, schools, and public transportation enhances tenant appeal. This property is an excellent opportunity for investors looking to add value, increase rents, and maximize cash flow.
Location
State OH
County Cuyahoga
Rooms
Basement Full,Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features On Site,On Street
Water Access Desc Public
Roof Type Slate
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 129-29-124
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard