1852-1854 W 45th Street
Cleveland, OH 44102

Property Description

This quadruplex is offering an outstanding investment opportunity, ideal for investors seeking immediate cash flow with additional upside! The building features 2 units with 2-beds, 1-bath and 2 units with 1-bed, 1-bath, each with its own private entrance, functional layout, generous living areas, and dedicated laundry hookups. Updated vinyl windows, vinyl siding, newer plumbing improvements, and several modern interior finishes help minimize maintenance while increasing long-term tenant appeal. One unit is already occupied, generating $1,175 per month on a 12-month lease, while the remaining three vacant units provide an excellent opportunity to increase rental income through lease-up or value-add improvements. Interior updates throughout include younger kitchens, updated bathrooms, LVP flooring throughout, modern lighting, and updated plumbing fixtures. The property also benefits from separately metered gas and electric utilities, updated PVC, newer hot water tanks, and younger furnaces. The basement offers additional storing space and value add potential. Conveniently located on Cleveland’s west side, the property is just minutes from MetroHealth Medical Center, Wendy Park, Edgewater Park, Ohio City, Gordon Square Arts District, Downtown Cleveland, major highways, shopping, restaurants, schools, public transportation, and countless local amenities, making it an attractive option for a wide variety of tenants. Professional management in place and willing to stay on. Full service management with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services available for remote investors! Whether you’re looking to expand your portfolio, generate immediate rental income, or capitalize on the lease-up potential of three vacant units, this property offers the size, flexibility, and upside to become a strong long-term investment. Schedule your showing! No wholesalers. No Seller financing. No low ball offers.