17003 Albers Avenue, Cleveland, OH, 44111

Property Details: • Type: Single Family Residence • Bedrooms: 5 • Bathrooms: 5 • Square Footage: 2,408 sq ft

Description: 5-PLEX FOR SALE IN 44111 100% OCCUPIED TURNKEY AND VALUE ADD 12.10% CAP RATE 17003 Albers Ave Cleveland OH 44111 Price: $389,999 5 Units all 1 bed 1 baths Fully Rented and Cash Flowing Gross Income: $4,350/month Net Income (after tax, insurance and utilities): $2,925/month Cap Rate: 12.10% No seller financing --- Turnkey and Value add Excellent 15%+ gross income increase with rent increases Solid structure, low operating costs (roof, water heater, boiler and vinyl siding less than 3 years old) Ideal for portfolio growth, or passive income seekers. 4,350325 insurance 600 utilities - 500 tax=2,925/month in your pocket. All under one roof.

Here's a great opportunity to add a solid multi-unit property to your portfolio, right in the heart of Kamm's Corner. Each unit comes equipped with ceiling fans and window ac units for cooling. Bedrooms and living rooms with carpet for added warmth. The kitchen and bathrooms offer plank style flooring, with several featuring full ceramic tile finishes. The exterior is finished in newer vinyl siding.

Located on the near Westside in downtown Kamm's Corners within walking distance to Fairview hospital, the Metroparks, coffee shops, restaurants, breweries and bars. Plenty of transportation options with e bikes/scooters and RTA routes all around. Investors are welcome as this is an excellent opportunity to expand your portfolio in a premium neighborhood.

$625 Feb 2026 been there 7yrs staying month to month $525 Feb 2026 been there 11yrs staying month to month $1100 Feb 2026 been there > yr moving out 2/26 will list unit for $1250 $1000 Oct 2026 been there > 1yr $1100 Dec 2026 been there > 1yr 4500

I bought the property in January 2025 from a sick family friend. The rents were all well under market value so I spent last year getting some new tenants, fixing up some things and increasing rents in three of the five units. The other two units the tenants have been there for a long time and are paying well under market rent rates.

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