OH > Cleveland > A W Morgans
Cleveland, OH 44105,6729 Forman AVE
Cleveland, OH 44105,6729 Forman AVE
Cleveland, OH 44105,6729 Forman AVE
Cleveland, OH 44105,6729 Forman AVE
Cleveland, OH 44105,6729 Forman AVE
Cleveland, OH 44105,6729 Forman AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
26
Jul
Sun
27
Jul
Mon
28
Jul
Paige Morris

Paige Morris

+1(614) 584-8063
$ 235,000
Est. payment | /mo

8 Beds

4 Baths

5,127 Sqft Lot

Save
$ 235,000
Est. payment | /mo
Save

8 Beds

4 Baths

5,127 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision A W Morgans

MLS Listing ID 5129112

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1910

Annual Tax Amount $3,996

Tax Year 2024

Contingent Appraisal,Inspections

Lot Size 5,127 Sqft

Acres 0.1177

Property Sub-Type Quadruplex

Property Description

High-yield, turnkey 4-unit property at 6729 Forman Ave—fully renovated less than two years ago with new LVP flooring, modern kitchens and baths, updated mechanicals, and a 2-car garage. This asset is cash flowing now at $2,434/month. Section 8 offers $1129 for 2 bed units in this area, driving the proforma to over $4,400+/month. Expenses run around 40%, keeping your net returns strong, and once fully leased the property projects a cap rate near 20%—rare in today's market. One vacant unit allows for immediate value-add, without capital investment—simply lease it up and raise rents to market. This brings immediate NOI to @25k/year or a 10.6% cap rate. Mechanicals and electric panels are all less than 2 years old! Tenants pay gas & electric. Recent neighborhood sales at 3893 E 57th ($87,500/unit) and 3620 E 59th ($90,000/unit) show the real upside here. Located in a stable Cleveland neighborhood near employers, transit, shopping, and schools—easy to attract and retain quality tenants. Turnkey, low-maintenance, high yield, and poised for fast appreciation. Opportunities like this don't last—contact us today for details and a tour.

Location

State OH

County Cuyahoga

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Parking Features Driveway, Detached, Garage

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 132-07-080

Listed by Erin Thomas • Keller Williams Living • Erinthomas@kwcommercial.com 440-670-2300
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(614) 584-8063

paige.morris@exprealty.com

545 Metro Pl S, Dublin, OH, 43017, USA

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Paige Morris, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

6729 Forman AVE