5806 Fleet AVE, Cleveland, OH 44105
$109,900
Est. payment /mo
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6 Beds
4 Baths
5,850 Sqft Lot
Active

5806 Fleet AVE Cleveland, OH 44105

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Emily Shortall

Emily Shortall

+1(740) 994-5131

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision C G Barkwill Trustees Sub

MLS Listing ID 5200687

Bedrooms 6

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 1905

Annual Tax Amount $3,002

Tax Year 2025

Lot Size 5,850 Sqft

Acres 0.1343

Property Sub-Type Quadruplex

Stories Two

Story Two

Property Description

Strong investment opportunity with BRRRR potential and high value-add. This mixed-use asset in the heart of the Fleet Avenue corridor features (4) total units, including a 3-bedroom, 2-bedroom, 1-bedroom, and an office/commercial space, providing diverse income streams and broad tenant appeal. With strong visibility along a well-traveled retail strip and consistent rental demand in the area, the property is well-positioned for long-term performance. Tenants benefit from convenient access to public transit, nearby employers, and local amenities, supporting stable occupancy. The property presents clear upside through renovation and rent optimization, allowing investors to increase both rental income and overall asset value. With both residential and commercial demand remaining strong, this asset offers an attractive opportunity to execute a value-add strategy. Additional highlights include completed inspections across the portfolio and projected returns in the 8–12% range based on 75–90% of HUD Fair Market Rents. Note: property had a frozen pipe in that caused water damage in one of the units and will require repair. This property is part of a larger multi-property Cleveland portfolio, offering investors the opportunity to scale with a diversified, income-generating package. Ideal for investors seeking a value-add asset with strong upside in a high-demand location.Professional property management resources are available for out of state investors, including leasing coordination, marketing support, tenant communication, maintenance, and repair resources. For buyers looking to grow their Cleveland rental portfolio or acquire an income-producing asset with cash flow already in place, this property is positioned to offer a more streamlined ownership experience for out-of-state investors. Full financial analysis upon request. Schedule your showing today.

Location

State OH

County Cuyahoga

Interior

Heating Forced Air

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features Direct Access

Water Access Desc Public

Roof Type Asphalt,Fiberglass,Flat

Private Pool No

Building

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 132-12-008

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Kim Lewis • Home Equity Realty Group • Garrett Rowan; 803-992-1429; Garrett.Rowan@HEQRealty.com

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Emily Shortall

Emily Shortall

Broker Associate, Agent | OH & WV | License ID: 2015000549,WV0029886

+1(740) 994-5131

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