Located just steps from the vibrant Waterloo Arts District, this newly updated 5-unit apartment building offers a rare opportunity to own a well positioned asset in one of Cleveland’s most creative and rapidly growing neighborhoods. Great value add in increasing rents. For example, the 3 bed is $600 (m2m) and market should be over $1250/mo! Even the 2 bed is getting $800 and could be at $1000. UNIT MIX: 1 - 3 bedroom unit 2- 2 bedroom units 1- 1 bedroom 1- studio Currently fully occupied and bringing in over $40,000 / year with a proforma income over $60,000 annually. All tenants are M2M allowing you to capitalize on the proforma income immediately after ownership. HUGE value add in just increasing rents! Rare 3 car garage is currently used as a strorage rental and brings in an additional $80/mo. UPDATES: Recently updated with kitchen, baths, floors, vinyl windows and paint enhance both the functionality and appeal of the building. All of the mechanicals and roof are less then 10 years old and each unit has its own furnace. No immediate capex needed. Tenants pay gas and electric + taxes are LOW in this area- creating more significant income. Trash is $90/mo, insurance 250/ mo and taxes just over $4000/ year. The owner currently operates below a 40% expense ratio! Whether you're looking for a stabilized investment or a value add opportunity in a high demand rental corridor, this property delivers location, versatility, and long term upside.